Following the projected weakness in economic activity , employment is expected to decline over the whole projection horizon .

Though overall economic activity is weak, the current account deficit has reached a 12 year high of 3.5 of GDP.

Slow tax revenue growth in 2002 could mainly be accounted for by the weakness in economic activity , since no major tax reforms were introduced .

Given the current circumstances of relatively weak economic activity , this situation is not seen as signalling risks to price stability in the near future .

In the second quarter of 2003 it became increasingly clear that real economic activity was weak and that the downside risks to the scenario of a recovery remained .

Economy Agriculture is the basic economic activity of the Tzeltal people.

Without mutual trust, economic activity is severely constrained.

Turning to structural policies , the ongoing period of weak economic activity and high uncertainty about the economic outlook will require a significant degree of resilience from the euro area economy .

However , the inflationary risks related to this high excess liquidity were considered low , given that the ample liquidity resulted , to a significant extent , from past portfolio shifts and that economic activity remained weak .

This pattern of weak growth in the euro area reflects both modest global activity and very subdued domestic demand .

In 2007 , economic activity continued to expand at solid rates .

Reflecting the lagged adjustment to the sharp drop in output experienced until mid 2009 and the projected weakness in economic activity , total hours worked in the euro area are expected to decline until 2011 .

Turning to structural policies , the ongoing period of weak economic activity and high uncertainty about the economic outlook imply the need to strengthen the resilience and flexibility of the euro area economy .

On the revenue side , slow tax revenue growth in 2003 can mainly be accounted for by the weakness in economic activity and by other unexpected shortfalls in tax revenues .

Despite these subdued economic conditions , the inflation rate in the euro area remained relatively high .

Recession is a temporary falling off of business activity during a period when such activity is generally increasing.

2.1 Multilateral and bilateral surveillance of macroeconomic policies The ECB and the NCBs continued to participate in regular peer reviews ( multilateral surveillance ) and reviews by international institutions ( bilateral surveillance ) of monetary , economic and financial developments and policies .

the latter was regarded as temporary given the concomitant deceleration in the pace of economic activity .

Economic activity is also becoming more broadly based on domestic demand .

Define wit hit Wij 2 . labour costs per hour worked of employees in economic activity i in period t hours worked by employees in economic activity i in period t wij hij labour costs of employees in economic activity i in annual period j

Investment growth has provided ongoing , though moderating , support to economic activity .

Against a background of increasingly apparent weakness of economic activity and lower inflationary pressures , the Governing Council decided to reduce key ECB interest rates on 30 August 2001 by another 25 basis points .

Turning to structural policies , the ongoing period of weak economic activity and high uncertainty about the economic outlook imply the need to strengthen the resilience and flexibility of the euro area economy .

This decline in issuance activity may have reflected lower funding needs of MFIs due to subdued loan demand by the private non financial sector against a background of sluggish economic activity , combined with continued strong inflows of deposits to MFIs .

Assess employment opportunities in the various sectors of economic activity and occupations and

Because agriculture is an activity which is connected with the soil and with the values of civilization, it is not an ordinary economic activity.

(e) The economic viability of the activity in relation to the costs of prevention and to the possibility of carrying out the activity elsewhere or by other means or replacing it with an alternative activity

Economic activity thus continued to grow moderately in the euro area .

Our role is to create a favourable environment for investment and economic activity .

As a result , economic activity throughout the world , including in the euro area , has weakened further .

Over recent months economic activity in the euro area has increased .

However, when I examine Mr Herman's report I find it long on Central Bank autonomy and very short on democratic accountability.

Economic activity in the euro area moderated further in subsequent months .

The inflation rate is the region s highest, and the economy is stagnating.

This outlook for economic activity is also confirmed by available forecasts .

If the dollar continues to rise, US economic activity and inflation will weaken.

The resulting improvement in financing conditions should provide ongoing support for economic activity in the period ahead .

The resulting improvement in financing conditions should provide ongoing support for economic activity in the period ahead .

The Fed has pursued its strategy of low long term interest rates in the hope of stimulating economic activity.

Facing continued economic weakness, but having run out of conventional tools, they then embrace the unconventional approach of quantitative easing (QE).

Underlying the weak issuance activity of the private sector was a notable decrease in the growth of the amounts outstanding of shortterm debt securities .

Incoming data have confirmed that the risks surrounding the outlook for economic activity lie on the downside .

Economy The main economic activity is agriculture, with the cultivation of fruit trees, especially pear and apple being the most common.

Moreover , while both men and women have been affected by Chart 22 Unemployment in the euro area ( monthly data

The data shall be broken down by economic activity , according to the NACE in force at section level .