MACROECONOMIC FORECASTS FOR THE EURO-ZONE AND SOME POLICY IMPLICATIONS.

This paper deals with the recent evolution, perspectives and some policy considerations for the Euro-Zone on the basis of the analysis of inflation, GDP and Industrial Production in EMU. The analysis shows that the year on year rates of growth will recover form the third quarter of 2002 for GDP and from October 2002 for Industrial Production. Regarding inflation, the ECB target of 2% will be attained between March and November 2002, but after this month, and during 2003 inflation will be around 2,1%.