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Europe Daily Bulletin No. 8992

16 July 2005
Contents Publication in full By article 30 / 39
GENERAL NEWS / (eu) eu/ecb
No signs of sustained recovery in eurozone

Brussels, 15/07/2005 (Agence Europe) - In the Editorial to its July monthly bulletin, the European Central Bank (ECB) say 'there are no signs as yet that a more sustained recovery in economic activity has already started' in the eurozone. Despite improvements in some consumer confidence indicators, growth remains subdued because of high oil prices. In the second quarter of 2005, growth is expected to be lower than the first quarter growth rate of 0.5%, quarter by quarter, but may benefit in...

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