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Nowotny Sees ECB Lowering Economic Forecast for 2012, 2013

ECB council member Ewald Nowotny said the central bank will lower its forecast for euro-area’s economic developments in 2012 and 2013 when it publishes estimates next week.

  • Expectations will worsen: Nowotny
  • Gap between north and south to widen
  • All southern economies to shrink in 2012, France to stagnate: Nowotny
  • NOTE: ECB staff forecasts due Sept. 6. In June, forecast was for 0.1% contraction in euro area this year, 1.0% growth in

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