Brussels - The European Union's economy is set to rebound in 2010, recording a growth rate of 0.7 per cent before accelerating to a rate of 1.6 per cent in 2011, the bloc's executive said Tuesday. Growth in the 16-member group of countries which use the euro should reach 0.7 per cent in 2010 and 1.5 per cent in 2011, the European Commission said.