Press Release: Autumn 2013 economic forecast: Gradual recovery, external risks

On 5 November 2013 the European Commission issued its Autumn 2013 economic forecast for 2014 and 2015.

Economic growth was forecast to gradually gather pace over the forecast horizon, to 1.4% in the EU and 1.1% in the euro area in 2014, reaching 1.9% and 1.7% in 2015, respectively.

European Commissioner Olli Rehn said that the European economy had 'reached a turning point' although he cautioned that 'it is too early to declare victory: unemployment remains at unacceptably high levels'.

• Primary Source

European Commission: RAPID: Speech, SPEECH/13/877: Autumn Forecast: Gradual recovery, external risks http://europa.eu/rapid/press-release_SPEECH-13-877_en.htm

EUObserver, 05.11.13: Economic recovery slow and painful, EU's Rehn says http://euobserver.com/news/121990

ESO: Background information: European Commission: Macro-Economic Forecasts http://www.europeansources.info/record/website-macro-economic-forecasts-1998/

ESO: Background information: European Forecasting Network http://www.europeansources.info/record/website-european-forecasting-network/

EurActiv, 06.11.13: Commission confirms economic recovery in latest forecast http://www.euractiv.com/euro-finance/commission-confirms-economic-rec-news-531523

BBC News, 05.11.13: European Commission predicts 'turning point' in Europe http://www.bbc.co.uk/news/business-24817818

European Voice, 05.11.13: Rehn forecasts slow economic growth http://www.europeanvoice.com/article/2013/november/eu-economy-to-continue-growing-but-slowly/78622.aspx

Euronews, 05.11.13: EU’s Rehn warns Germany over trade surplus http://www.euronews.com/2013/11/05/eu-s-rehn-warns-germany-over-trade-surplus/

Euro|Topics, 06.11.13: Brussels expects upturn in the Eurozone http://www.eurotopics.net/en/home/presseschau/aeltere/NEWSLETTER-2013-11-06-Brussels-expects-upturn-in-the-Eurozone

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