Press Release: Commission indicator forecasts euro area quarterly GDP growth of 0.1% to 0.5% for the second quarter of 2005 and 0.2% to 0.6% for the third quarter

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, forecast a range of 0.1% to 0.5% for GDP growth for the second quarter of 2005, revised downwards by 0.1 percentage point compared to the previous release. For the third quarter of 2005, the predicted range for GDP growth was 0.2% to 0.6%, unchanged compared to the previous release.

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