Those feedback sessions, a full interagency effort involving an interagency agreed-upon presentation of the results, are now underway and we expect them to be largely completed by the end of this month. The agencies plan to release a public document describing our findings shortly after these sessions are completed, we hope by the end of the year.
Consumption growth should gradually rise, broadly in line with expected developments in disposable income. Risks to this outlook for economic growth continue to lie on the downside and relate to high and volatile oil prices, concerns about global imbalances and the level of consumer confidence in the euro area, although the latter is improving.