Title: Lagging Business Cycle Recovery in the Euro Area
Abstract: The revival of global economic activity is gaining momentum. Next to the USA, the Japanese economy is for the first time showing signs of a sustained recovery with growth in the fourth quarter 2003 even exceeding that of the USA. The upward trend has so far hardly extended to the euro area; indeed, business expectations in German manufacturing have suffered a setback of late. Firms in Austria saw their current situation in February unchanged from the previous month, but were more upbeat on the short-term outlook.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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