ITB Berlin - (Travel Daily News)
"Uneven economic recovery in Europe may affect outbound travel demand
Monday, February 20, 2006
One of the most important messages to come out of the IPK/ITB World Travel Trend Report is that the economic recovery in Europe has not been as strong as expected, due in large part to weak consumer demand. Forecasts from the International Monetary Fund made in October 2005, which were in line with projections presented at the Pisa Forum organised by IPK International the same month, pointed to growth of 2.5% in 2005 overall (down from 3.6% in 2004), and 1.2% for the eurozone (2.0%). And these have since been proved accurate. "
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