Economic Assessment of the Euro Area: Forecasts and Policy Analysis, Spring 2005

The inaugural EUROFRAME - EFN Spring 2005 Report entitled 'Economic Assessment of the Euro Area: Forecasts and Policy Analysis' was launched 31 March 2005. EUROFRAME has taken over the European Commission sponsored project European Forecasting Network (EFN).

Ten of the most respected economic research institutes in Europe, have produced a combined forecast which shows that Euro Area economic growth will experience a modest rate of expansion of 1.5% in 2005 and 2% in 2006. This faltering recovery will move the Euro Area back towards rates more in line with its estimated potential after almost a half-decade of underachievement. The performance of the Euro Area is predicted to lag US economic growth over the next two years. The ambition of the refocused Lisbon Agenda, to make the European Union the most dynamic and competitive economy in the world therefore remains a formidable challenge, though a clearer emphasis upon economic growth is an important restarting point.

Euroframe: Economic Assessment of the Euro Area: Forecasts and Policy Analysis, Spring 2006 http://www.euroframe.org/index.php?id=92

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