According to the current EEAG report (an ifo research group) on the situation of the European economy, growth of the world economy will be slightly smaller in 2007 and 2008 and amount to a little bit less than 5%. According to the ifo experts growth will also slightly slow down in the EU member states. This, however, would not put at risk the economic recovery. GDP in real terms would rise by 2.2% in 2007 and by 2.5% in 2008. An increase of key interest rates on the part of the ECB was unlikely.