ECB Monthly Bulletin, June 2005

The European Central Bank published its June 2005 Monthly Bulletin on Thursday 9 June. The report says economic growth in the euro zone will remain 'relatively subdued' in the second quarter of the year, but will pick up later.

In its June monthly bulletin, the ECB cited the latest indications from survey data for its forecast.

It said recent Eurozone data remained 'on the downside' and persistently high oil prices and global imbalances could pose risks to the growth outlook.

The ECB said it

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