EU's Almunia positive on 2007 inflation
"We'll end 2007 growing almost as much as in 2006," Mr Almunia told a business conference in Madrid, adding that 2006 GDP eurozone growth should be around 2.6 per cent.
"Our current forecasts indicate that the evolution of prices in the euro zone and European Union in 2007 will be largely the same as in 2006," he added.
Mr Almunia said a three percentage point rise in German value added tax as of January 1st would not affect 2007 growth and inflation to the extent feared a few months ago. "The risk has been overestimated," he said.
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