Weaker contribution from domestic demand accounted for a further slowdown of annual real GDP growth in 2002 Compared with 2001 , lower annual average real GDP growth in 2002 was accounted for by a weaker contribution from domestic demand to economic activity .

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

The expected slowdown reflects the lower growth of both exports and domestic demand .

Slower growth in many advanced economies, China, and other emerging markets will mean lower demand for US exports.

for euro denominated debt , but the growth in the market was due to the continued strong issuance by the private non MFI sector ( see Chart 5 ) . The decline in the issuance activity of the MFI sector seems to have been largely due to lower credit demand by the private non financial sector against a background of slowing economic activity , combined with rising inflows of deposits to MFIs ( see Section 2.1 ) .

Labour demand is also projected to be dampened by the typical stickiness of wages in the context of the sharp downturn in activity .

The task for economic policy was to compensate for the resulting shortfall in private demand until households eventually recovered.

It is also comparable to the demand driven collapse in 2008 2009, following the global financial crisis.

Over the projection horizon , export growth is expected to continue to support economic activity on the back of the assumed continued strength in foreign demand and domestic demand should firm .

If more than one price is quoted , the lowest of these prices ( normally the bid price ) is used ,

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

Labour demand is also projected to be dampened by downward wage rigidities in the context of the sharp downturn in activity .

If more than one price is quoted , the lowest of these prices ( normally the bid price ) is used .

The turnover index for retail trade is a significant indicator of consumer demand .

The revision almost exclusively reflects the markedly weaker growth than earlier expected in the first quarter of 2009 , related to lower activity worldwide , which reduced exports substantially and also domestic demand .

If more than one price is quoted , the lowest of these prices ( normally the bid price ) is used .

The dampened GDP growth expected over the projection horizon reflects weaker export growth and subdued domestic demand .

The deterioration in the overall economic climate in the euro area and high uncertainty were also important factors . By contrast , value added in the services sector continued to grow in 2002 , albeit at a slower pace than in 2001 .

Export growth , on the back of the assumed continued strength in foreign demand , is , over the horizon , expected to continue to support economic activity , while domestic demand should gradually strengthen .

Over the projection horizon , export growth is expected to continue to support economic activity on the back of the assumed continued strength in foreign demand .

In particular , foreign demand for euro area exports has declined , and euro area domestic activity has contracted in the face of weaker demand prospects and tighter financing conditions .

Less demand for their services will cause their relative (and perhaps absolute) wages to drop, causing income inequality to rise.

Export growth , as implied by the assumption of continued strength in foreign demand , is expected over the horizon to continue to support economic activity , while domestic demand should grow at a stable pace .

The strengthening of domestic demand and , in particular , consumption may point to the recovery in economic activity in the euro area regaining some momentum .

Lower demand reflects both the current weakness of economic activity, particularly in Europe and China, and, more important, the longer term changes in technology, which will increase cars fuel efficiency and induce the use of solar power and other non oil energy sources.

on any entity which did not properly fulfil its reporting requirements to the extent that the requirement set out in paragraph 2 was met and that the entity relied on the incorrect list in good faith .

Report (Doc. A3 159 90) by Mr Tsimas, on behalf of the Committee on External Economic Relations, on the proposal from the Commission to the Council (SEC (90) 733 Doc.

In China, for example, this involves less reliance on exports and public investment, and more on the private components of domestic aggregate demand.

However, for precisely that reason, an employment subsidy is likely to be more effective in boosting demand, which implies that a smaller injection of this kind is likely to boost demand as much as a larger asset purchase would.

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Given that affluent households spend a smaller share of their incomes and wealth, greater inequality translates into lower overall consumption, thereby hindering the recovery of economies already burdened by inadequate aggregate demand.

The most recent data clearly confirm that economic activity in the euro area is weakening , with dampened domestic demand and tighter financing conditions .

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Non residential private investment is projected to contract , affected in particular by weak foreign demand , extraordinarily low capacity utilisation and declining profits .

Second , the deterioration in the external environment , which stemmed mainly from the slowdown in the United States at the end of 2000 , curtailed growth in euro area exports and increased the uncertainty surrounding investment and , to a lesser extent , consumption decisions .

Over the full projection horizon until 2011 , activity is projected to be gradually supported by exports and by stronger domestic demand .

At an aggregate level, it will result in more economic activity, leading to higher real income and demand and improve the competitiveness of all European enterprises.

Lower European demand and an oil price that no longer suffices to sustain Russia s budget stand to hobble the Kremlin very quickly.

In line with the profile of domestic demand and exports , euro area import growth is projected to decline in both 2008 and 2009 .

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Changes in the contribution to growth from domestic demand over the course of 2003 were largely explained by developments in inventory changes . The restocking in the first half of the year , which followed a two year period of depleting inventories , was possibly induced by uncertainty regarding the supply of imported intermediate goods and unexpected declines in demand associated with the war in Iraq .