EMU 1Q GDP,APR. IND. OUTPUT POINT TO ECO SLOWDOWN
GLOBAL DEVELOPENTS POINT TO UNCERTAINTY
SAYS ECB INTEREST RATES REMAIN APPROPRIATE FOR PRICE STABILITY
:LATEST DATA DIDN'T CHANGE MED-TERM PRICE OUTLOOK
CONTINUE TO EXPECT HICP TO FALL BELOW 2% IN 2002
EMU GDP SHOULD REMAIN BROADLY IN LINE W/ POTENTIAL
CRUCIAL CURENT HIGH HICP DOESN'T BECOME LASTING
THEREFORE, EMU WAGE RISES MUST REMAIN MODERATE
ECB WILL REMAIN 'VIGILANT' ON PRICE DEVELOPMENTS
MAY INFLATION RISE WAS EXPECTED
EURO ZONE GROWTH IN LINE WITH 2-2.5 PCT TREND RATE