Trichet sees continued relatively moderate growth

European Central Bank president Jean-Claude Trichet told the European Parliament on Monday 14 March thathe expects continued moderate eurozone growth this year and next.

"We expect continued relatively moderate economic growth in the euro area in 2005 and 2006," he told the European Parliament economic and monetary affairs committee.

"In the coming quarters consumption growth could benefit from anticipated developments in real disposable income. Investment is expected to continue to benefit fro

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