This outcome is fully in line with our aim of keeping inflation below, but close to 2% over the medium-term. What is equally noticeable is that it is a better result, in terms of price stability, than in the euro area Member States over the last 50 years.
•  Real output per capita has grown at a similar pace in the euro area than in the United States, which – in terms of economic dynamism – remains the benchmark for the advanced countries. •  Employment growth in the euro area has been strong over the past 12 years.