EU downscales growth forecast 1 Jun 2005 - By Staff reporter Comments | 0 Share to Facebook Share to LinkedIn Share to E-mail Print this page THE EUROPEAN Commission (EC) has cut back its 2005 growth forecast for the euro-area to 1.6% from last October’s forecast of 2.0%, according to The Economist. Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free. Subscribe to receive print copies of Freight News Features to your door.