Brussels, 04/08/2003 (Agence Europe) - In its recently published 2003 OECD Economic Survey of the Euro Area, the Organisation for Economic Cooperation and Development is very pessimistic about current economic performance and short-term prospects for the eurozone, commenting that “the economy is likely to face headwinds for some time”.
The OECD says “the euro area has shown less resilience” to the shocks to the global market over the last three years, and is facing “sluggish”...