ECB's Tumpel-Gugerell on the economic outlook

In the speech 'Economic outlook and policy challenges for the euro area' given on 18 September Gertrude Tumpel-Gugerell of the ECB said the ECB expects a 'normalisation' of eurozone growth in the third quarter after the strong performance of the first half.

'Looking ahead, we expect some normalisation of growth, as indicated by the recent trends in survey data,' she said in the speech in Stockholm.

'Data on euro area economic activity in the third quarter of 2006 -- such as survey-based

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