Press Release: Commission indicator forecasts euro area quarterly GDP growth of 0.3% to 0.7% for both the 1st and 2nd quarters of 2004

The indicator-based model for quarterly GDP growth for the euro area, developed by the European Commission's Directorate General for Economic and Financial Affairs, forecasts a range of 0.3% to 0.7% for GDP growth in the first and second quarters of 2004, unchanged compared to the previous release. This is in line with the gradual acceleration of growth projected in the Commission Spring forecasts for the first half of 2004.

http://ec.europa.eu/comm/economy_finance/indicators/euroareagdp_en.htm http://ec.europa.eu/comm/economy_finance/indicators/euroareagdp_en.htm

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