(13 February 2017) – According to the Winter 2017 Economic Forecast published today, all EU Member States’ economies set to grow in 2016, 2017 and 2018.
Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.
Real GDP in the euro area has grown for 15 consecutive quarters, employment is growing at a robust pace and unemployment continues to fall, although it remains above pre-crisis levels.
Private consumption is still the engine of the recovery. Investment growth continues but remains subdued.