Benner, Joachim; Gern, Klaus-Jürgen; Meier, Carsten-Patrick - Institut für Weltwirtschaft (IfW) - 2005
The economic recovery in the euro area lost momentum in 2004. After a strong increase during the first half, real GDP … somewhat, the weakening of export growth could not be compensated. In the wake of the renewed weakness, labor market conditions … strength of the euro will dampen the economic expansion for a while, so the recovery will continue to be rather modest during …