Gern, Klaus-Jürgen; Kamps, Christophe; Meier, … - 2003
likely to switch towards a policy of fiscal consolidation based on cuts in primary spending in 2003 and 2004. Moderate wage …. We expect real GDP to increase by 1.0 percent and by 2.6 percent in 2003 and 2004, respectively. The situation on the …. In 2004, consumer prices will probably rise by 1.9 percent on average, after 2.2 percent this year. …