Benchmarking in each particular domain of structural reforms the entire euro area and the European Union on the best European performers might well be the most powerful tool to make the necessary progress. Let’s just do it! I thank you for your attention. BIS Review 74/2004  5
Taking all of this into account, we are forecasting annual growth in economic activity will be around 3½% this year, 1¾% next year and 2½% in 2024. As global bottlenecks gradually resolve and tighter monetary policy works its way through the economy, inflation will start to come down.