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Europe Daily Bulletin No. 8370

3 January 2003
GENERAL NEWS / (eu) eu/economy
Gradual rebalancing of sources of growth in Eurozone from foreign trade to domestic demand

Brussels, 02/01/2003 (Agence Europe) - According to the Fourth Quarterly Report on the Euro Area published by the European Commission, recent data show a gradual re-balancing of the sources of growth in the Eurozone from trade to domestic demand. Indicators released last month send mixed signals but remain in line with the projection of GDP growth averaging 1.8% in 2003 presented in the Commission's Autumn 2002 Forecasts.

The latest national account data show an acceleration of growth in...

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