Our Economy » European Union Economy http://www.oureconomy.org Business, Finance & Economy News | OUR ECONOMY.ORG Mon, 06 Dec 2010 08:36:23 +0000 en hourly 1 http://wordpress.org/?v=3.1 European Union Economy http://www.oureconomy.org/world-economy/european-union-economy/european-union-economy/ http://www.oureconomy.org/world-economy/european-union-economy/european-union-economy/#comments Mon, 01 Feb 2010 22:37:02 +0000 OurEconomy.org http://www.oureconomy.org/?p=260 Its economy is presented by a total sum of economies, members of EU. EU economy is mainly presented in manufactures. Small and medium companies stimulate its economy.
Here are some characteristics of EU economy:

1 Flexibility of EU economy
In spite of the fall in growth from 2.8per cent in 2007 to 2.0 percent in 2008, here we can speak about relative flexibility. It happens thanks to continuous rising of commodity prices, and the strong basis of EU economy.

2 The growth of inflation in 2008
Fast increases in food, fuel, energy are the reasons for the rise of inflation. The forecast is the following: it changes from 2.4 percent in 2007 to 3.6 per cent in 2008.

3 Labor market situation
Labor market is a central part of EU economy. There specialists speak about a certain shift in Labor Employment graph. According to statistics, more than 7 million new jobs were created in 2006-2007. Thanks to it the unemployment rate should lower to 6.8 per cent.

4 Risks prevailing in EU economy
These risks were characterized by certain balanced state in EU economy. The only risk that can EU economy seriously depends on is the chaos in the financial markets.

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