The NDER is defined as the interest rate, on an annual basis, that equalises the present value of all commitments other than charges (deposits or loans, payments or repayments, interest payments), future or existing, agreed by the reporting agents and the household or non-financial corporation.

L. whereas, according to the International Monetary Fund (IMF), every African country will enjoy positive economic growth in 2007 with the exception of Zimbabwe, whose economy has contracted by 40% in the last decade and will contract by a further 5.7% this year; whereas Zimbabwe moved into technically defined 'hyper-inflation' when its annualised inflation rate surged to 2 200% in March 2007 and whereas, according to the IMF, that rate could top 5 000% by the end of the year,

K. whereas, according to the IMF, every African country will enjoy positive economic growth in 2007, with the exception of Zimbabwe, whose economy has contracted by 40% in the last decade and will contract by a further 5.7% this year; whereas Zimbabwe moved into technically defined 'hyperinflation' when its annualised inflation rate surged to 2 200% in March and whereas, according to the IMF, this rate could top 5 000% by the end of the year,

L. whereas, according to the IMF, every African country will enjoy positive economic growth in 2007, with the exception of Zimbabwe, whose economy has contracted by 40% in the last decade and will contract by a further 5.7% this year; whereas Zimbabwe moved into technically defined 'hyperinflation' when its annualised inflation rate surged to 2 200% in March and whereas, according to the IMF, this rate could top 5000% by the end of the year,

L. whereas, according to the International Monetary Fund (IMF), every African country will enjoy positive economic growth in 2007 with the exception of Zimbabwe, whose economy has contracted by 40% in the last decade and will contract by a further 5.7% this year; whereas Zimbabwe moved into technically defined 'hyper-inflation' when its annualised inflation rate surged to 2 200% in March 2007 and whereas, according to the IMF, that rate could top 5 000% by the end of the year,

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;