European Commission 12 February 1997, 1997 ANNUAL ECONOMIC REPORT - Growth, employment and convergence on the road to EMU

f, <f COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 12.02.1997 COM(97)27 final 1997 ANNUAL ECONOMIC REPORT Growth, employment and convergence on the road to EMU (presented by the Commission) ' * § \l 4 lit i l : 1997 Annual Economic Report PART A: COMMUNITY-WIDE TRENDS SUMMARY AND CONCLUSIONS i CHAPTER 1: THE CURRENT ECONOMIC SITUATION AND THE OUTLOOK TO 1998 1 1.1.