Most observers now expect that real GDP growth in the euro area will be around 2% this year (compared with close to 3% in 1998) and 2.5% or more in 2000.
Prices In response to these new data indicating a stabilisation of overall output growth in early 1999 and an economic recovery during the second part of 1999 into the year 2000, market participants appear to have shifted their expectations towards a faster pace of economic growth.