The European Commission on Tuesday raised its forecast for European economic growth next year, but said the recovery from recession would come at the price of record-high budget deficits and public debt.
Economic forecast
In its six-monthly economic outlook, the Commission predicted that the 27-nation European Union would grow by 0.7 per cent next year and 1.6 per cent in 2011, after a slump of 4.1 per cent in gross domestic product this year.
