In article ,
ess (phil hunt) wrote:

On Thu, 04 Dec 2003 07:22:20 GMT, Chad Irby wrote:
In article ,
ess (phil hunt) wrote:


Prediction: in 2004 the EU's economy wil grow by more than the USA's
economy.

Evidence of that prediction?

75 million people will join the EU in 2004, boosting its GDP by 10%.

6% at best. These aren't rich, or even average, countries.

Normal economic growth will be maybe 2-3%, for a total of 12-13%.

Over the last year, the EU economy grew by 0.6%, with no particular
trend to do better over the next year, while the primary "Euro zone"
grew by a whopping 0.3%. In the meantime, the US economy grew about 2%,
in a very bad year, about three times faster than Europe's economy. And
US economic growth has teken off since those numbers came out.

Even if the EU met both of your predictions, they'd pretty much tie the
*current* US economy, and that's not going to happen.

I doubt that the USA's economy will grow by that much.

Current plans are for 3% to 4% over the next year, conservatively. We
had enough growth this *quarter* to allow 2.5% for the year, even with
no growth in the other quarters. If the economy stays at anything like
current rates, we could see 5% year-to-year growth...

--
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Slam on brakes accordingly.