Newest EU members underpin growth

UNECE launches its Economic Survey of Europe 2005 No. 1 in February 2005. The short-term outlook for Europe and the CIS is for economic growth to continue in 2005, albeit at significantly different rates in the major subregions. The euro area will continue to lag behind the other major regions of the world economy. Within Europe, central and eastern Europe will continue to perform significantly better than the euro area. Economic growth will weaken somewhat in the CIS, but average rates will remain well above the European average.

United Nations: Economic Commission for Europe: Press Release, 22.2.05: Outlook for 2005: Continued growth in Europe and the CIS but at significantly different speeds http://www.unece.org/press/pr2005/05gen_p04e.htm

United Nations: Economic Commission for Europe: Economic Survey of Europe http://www.unece.org/ead/ead_ese_new.htm

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