Recent growth forecasts for the euro area by the European Commission, international institutions and organisations and the private sector are broadly in line with the Eurosystem staff projections.
All in all, our latest assessment, based on the macroeconomic projections produced by the staff of the Eurosystem, and our analysis of the most recent information, from data and survey indicators, confirms the expectation of moderate but ongoing economic growth. Both domestic and foreign demand are expected to support GDP growth in 2008.