One of the determinants of how long the U.S. economy can continue to perform at a high level with low inflation is how well we all learn to adapt to the changes that go with the increased competitiveness of the national and international marketplace that is helping to keep our economy growing and inflation low.
According to Eurostat’s first estimate, on a quarter-on-quarter basis, real GDP grew by 0.6% in the euro area in the first quarter of 2006, compared with 0.3% in the previous quarter, with domestic demand making a significant contribution.