All in all, the overall level of confidence in the euro area has remained high. Economic indicators relating to developments around the turn of the year support the view that economic growth will remain fairly robust for the period ahead.
Although the more moderate  BIS Review 18/2001  1  prospects for world growth might end up being associated with a certain slowdown in euro area exports, at present there are no convincing signs that the slowdown in the US economy is having significant and lasting spill-over effects on the euro area economy as a whole.