Carstensen, Kai; Gern, Klaus-Jürgen; Kamps, Christophe; … - Institut für Weltwirtschaft (IfW) - 2003
The economic situation in the euro area continues to be weak. In the course of 2003, real GDP has only stagnated … deficit in the euro area will rise to 2.6 percent in relation to GDP, compared to 2.2 percent last year. Next year, the stance … of fiscal policy will be roughly neutral with differences among the member states. The budget situation in Germany is a …