EFTA Document EFTA01383632

the overall results have been broadly in line with expectations "... [the] demand component data for real GDP -- particularly private consumption -- point to considerably weaker improvements than predicted," even if, on the other hand, actual increases in corporate profits and employee income have noticably exceeded expectations. And an empirical regime-switching model that researchers at the Bank have have developed shows that the likelihood of a switch in inflation to a 2% trend remains ver