Financial report 2005

Abstract

After growing at potential in 2004, the eco-nomic performance of both the euro area andthe EU was less dynamic in 2005. The aver-age growth rate of GDP for 2005 was 1.3 % inthe euro area and 1.5 % in the EU as a whole.However, these annual figures hide some en-couraging developments concerning thestrengthening of domestic demand during thecourse of the year.