21.   Moderation in private-sector building and construction activities and reduced property trading also took a toll on the GDP growth outlook, it added.

22.   Quizzed about the current state of the euro-zone economy and the immediate growth outlook, Welteke was not overly gloomy.

23.   Regarding exchange rates, the source said the current rise in value of the euro against the dollar was not a source of concern for the growth outlook.