EU growth forecast has boosted confidence – but is it misplaced? | Mohamed El-Erian

OECD’s predictions may prove overly optimistic due to EU leaders’ lack of team spirit The European commission, the International Monetary Fund and the OECD predict that, on average, the EU’s economy will grow by 1.9% next year, a rate that is broadly consistent with the average of 2% expected for this year. But the picture this paints may prove to be overly optimistic, not only because the growth rate itself is likely to disappoint, but also because there is significant downwar