IMF Statement - Economic Policies of the Euro Area

STATEMENT - Concluding Statement of the IMF Mission on the Economic Policies of the Euro Area, (in the Context of the 2002 Article IV Consultation Discussions with the Euro-Area Countries), 12 July.

Outlook: Changing Risks to Growth and Inflation

1. Until recently, our expectation was that the gradual upturn of economic activity that began in the first quarter of this year would accelerate to above potential during the latter half of the year, before settling down close to potential in 2003. The

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