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Article: Central bankers: World economy will grow in 2003, slowly
- Article from:
- AP Worldstream
- Article date:
- January 13, 2003
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Dateline: BASEL, Switzerland
The world economy is expected to recover _ slowly _ in 2003, albeit
at a very subdued pace, the head of the Bank of England said Monday
after a meeting with other top central bankers.
Eddie George said the United States economy could grow by some 3 percent
this year, while the European Union's 12-nation euro zone could reach
2.5 percent. The two are the world's largest economies.
"We are seeing relatively slow, but relatively steady growth in the
world economy" through this year, George told reporters following
a meeting of the Group of 10 central bankers. The bankers noted, however,
that growth could be hurt by the economic ...