ECB Monthly Bulletin, March 2005

The European Central Bank published its March 2005 Monthly Bulletin on Thursday 10 March, saying recent weakness in euro zone economic growth is likely to prove short-lived.

"There are a number of reasons why the weaker real GDP growth in the second half of 2004 could be a transitory phenomenon," the ECB said in its March monthly bulletin.

"On the external side, growth in the world economy remains strong, supporting euro area exports.

"On the domestic side, investment is expected to continue to

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