EU exec says global recovery to slow in H2

BRUSSELS, Sept 13 (BestGrowthStock) – Global economic growth is
likely to slow down in the second half of this year, but a
double-dip into a new recession is unlikely, the European
Commission forecast on Monday.

“Despite the expected soft patch, global gross domestic
product, excluding the European Union, is projected to grow by
some 5 percent in 2010, up by 0.25 percentage point compared to
the spring forecast (in May),” it said.

The Commission, the European Union’s executive arm, said the
global recovery was still expected to be uneven and was
surrounded by major uncertainties.

Growth in emerging economies remained robust, supported by
the rebound in global trade, commodity price developments and
solid domestic demand, but the recovery was still fragile in
several advanced economies.

(Reporting by Jan Strupczewski, editing by Timothy Heritage)

EU exec says global recovery to slow in H2