Translation of "Taux de chute lent " (French → English) :

In 1999 the Netherlands still received 3.5% of the European agriculture budget, but by 2004 this had fallen to 2.1%.

1. Expresses its concern about, first, the persistently slow growth in Europe since 2002, accelerating, in the euro zone, only gradually from 0,6% in 2003 to 1,3% in 2005, in contrast with the US growth rate of 3,5% in 2005 and the rebound of Japan's economy driven by private final domestic demand; second, the persistently high unemployment of 9% in EU-25 and 8,1% in EU-15; and, third, about the output gap, currently at -1% of GDP, demonstrating that EU economic growth remains substantially below long-term potential, constrained by structural rigidities, weak internal demand, and a lack of proper balance in the macroeconomic policy mix ...[+++]; stresses that the European economy's potential for growth remains excessively low, at about 2%, which is much lower than that registered elsewhere in the world; considers that this potential for growth is insufficient for job creation and reducing unemployment rates or for the development of EU-25;

1. Expresses its concern about, first, the persistently slow growth in Europe since 2002, accelerating, in the euro zone, only gradually from 0,6% in 2003 to 1,3% in 2005, in contrast with the US growth rate of 3,5% in 2005 and the rebound of Japan's economy driven by private final domestic demand; second, the persistently high unemployment of 9% in EU-25 and 8,1% in EU-15; and, third, about the output gap, currently at -1% of GDP, demonstrating that EU economic growth remains substantially below long-term potential, constrained by structural rigidities, weak internal demand, and a lack of proper balance in the macroeconomic policy mix ...[+++]; stresses that the European economy's potential for growth remains excessively low, at about 2%, which is much lower than that registered elsewhere in the world; considers that this potential for growth is insufficient for job creation and reducing unemployment rates or for the development of EU-25;

1. Expresses its concern about, first, the persistently slow growth in Europe since 2002, accelerating, in the euro zone, only gradually from 0,6% in 2003 to 1,3% in 2005, in contrast with the growth rates of the USA of 3,5% in 2005 and the rebound of Japan's economy driven by private final domestic demand, second, the persistently high unemployment of 9% in EU-25 and 8,1% in EU-15 and, third, about the output gap, currently at -1% of GDP, demonstrating that EU economic growth remains substantially below long-term potential, constrained by structural rigidities, weak internal demand, and a lack of proper balance in the macroeconomic poli ...[+++]cy mix; stresses that the European economy's potential for growth remains excessively low, at about 2%, a figure much lower than that registered elsewhere in the world; considers that this potential for growth is insufficient for job creation and reducing unemployment rates or for the development of the enlarged Union;

From 2000 to 2001, GDP growth fell from 3.4% to 1.5% and the Commission Autumn 2002 Economic Forecasts [4] project that recovery is slower than originally expected.

G. worrying that despite the significant fall of inflation rates in the EU, long-term interest rates rose from 6.8 per cent in December 1993 to 9.0 per cent in December 1994 and only fell to 7.7 per cent in December 1995 in spite of the marked fall in short-term interest rates throughout 1995,