*European Commission: Inflationary pressures are abating rapidly amid faltering commodity prices that drove inflation in the past

*European Commission: GDP growth is expected to turn moderately positive in 2010, to around 1/2%

*European Commission: In 2009, real GDP is expected to fall by less than 2% in both the EU and the euro area

*European Commission: Estimates that economic growth to have dropped to about 1% in 2008 in both the EU and the euro area from just below 3% in 2007

*Eurozone Nov. Construction Output Down 1.1% On Month