Autumn 2017 Economic Forecast

Publisher
Series Title
Series Details No.63, November 2017
Publication Date 09/11/2017
ISBN 978-92-79-64710-9
EC KC-BC-17-063-EN-N
Content Type

Further information:

The European Commission reported continuous improvement of the economic outlook for the European Union and the Eurozone. The real GDP growth forecast for the Euro area was at 2.2%, the fastest pace in a decade. The EU was expected to grow 2.3%.

The report shows that the European economic performed significantly better than expected earlier in the year, propelled by resilient private consumption, stronger growth around the world, and falling unemployment. Investment also picked up amid favourable financing conditions and considerably brightened economic sentiment as uncertainty faded. The economies of all Member States showed signs of expansion and their labour markets improved, but wages were rising only slowly.

The European Commission published on 9 November 2017 its latest Economic Forecast for the European Union, Eurozone and each member state.

Source Link http://dx.publications.europa.eu/10.2765/786061
Related Links
European Commission: DG Communication: IP/17/4362, 09.11.17: Autumn 2017 Economic Forecast: continued growth in a changing policy context http://europa.eu/rapid/press-release_IP-17-4362_en.htm
European Commission: DG Economic and Financial Affairs: Autumn 2017 Economic Forecast https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/autumn-2017-economic-forecast
European Commission: DG Communication: SPEECH/17/4482, 09.11.17: Commissioner Pierre Moscovici presents the 2017 Autumn Economic Forecast http://europa.eu/rapid/press-release_SPEECH-17-4482_en.htm
EUObserver, 09.11.17: EU registers 'highest economic growth rate in 10 years' https://euobserver.com/economic/139825
The Guardian, 09.11.17: EU cuts UK growth forecast as eurozone motors ahead https://www.theguardian.com/business/2017/nov/09/eu-cuts-uk-growth-forecast-as-eurozone-motors-ahead
Politico, 09.11.17: Eurozone’s recovery is brisk, so start worrying about it https://www.politico.eu/article/eurozone-recovery-is-brisk-so-start-worrying-about-it/
Deutsche Welle, 09.11.17: Eurozone growth at fastest pace in 10 years http://p.dw.com/p/2nMSX
RTÉ, 09.11.17: Ireland's rapid economic growth to continue - Commission https://www.rte.ie/news/business/2017/1109/918684-euro-zone-economic-forecasts/
The Sofia Globe, 09.11.17: EU autumn forecast bumps up Bulgaria 2017 growth estimate to 3.9% https://sofiaglobe.com/2017/11/09/eu-autumn-forecast-bumps-up-bulgaria-2017-growth-estimate-to-3-9/
Kathimerini, 09.11.17: EU Commission sees Greek primary surplus at 3.9 pct/GDP in 2018 http://www.ekathimerini.com/223093/article/ekathimerini/business/eu-commission-sees-greek-primary-surplus-at-39-pctgdp-in-2018
Times of Malta, 09.11.17: Brexit exodus might boost GDP growth in 2019 https://www.timesofmalta.com/articles/view/20171109/local/brexit-exodus-might-boost-gdp-growth-in-2019.662652
Hürriyet Daily News, 09.11.17: EU raises Turkey’s growth forecast http://www.hurriyetdailynews.com/eu-raises-turkeys-growth-forecast-122190
EurActiv, 09.11.17: European economy beats expectations as risks decline http://www.euractiv.com/section/economy-jobs/news/european-economy-beats-expectations-as-risks-decline/

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