Gern, Klaus-Jürgen; Kamps, Christophe; Meier, … - Institut für Weltwirtschaft (IfW) - 2003
Economic activity in the euro area has weakened since last summer. In the second half of 2002, real GDP increased at an annualized rate of around 1 percent only. Economy-wide capacity utilization has further declined and the situation on labor markets has worsened. The increase in consumer...