| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
|---|---|
| Publisher | Publications Office of the European Union |
| Series Title | European Economy: Institutional Papers |
| Series Details | Number 77 |
| Publication Date | May 2019 |
| ISBN | 978-92-79-77458-4 |
| ISSN | 2443-8014 |
| EC | KC-BC-18-009-EN-N |
| Content Type | Report |
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Summary: The European Commission published on 3 May 2018 its Spring Economic Forecast for the European Union, Eurozone and each member state. Further information: Growth rates for the European Union (EU) and the Euro area beat expectations in 2017 to reach a 10-year high at 2.4%. Growth was set to remain strong in 2018 and ease only slightly in 2019, with growth of 2.3% and 2.0% respectively in both the EU and the euro area. Private consumption remained strong, while exports and investment increased. Unemployment continued to fall and remained in around pre-crisis levels. However, the economy became more exposed to external risk factors, which were strengthened and became more negative. Robust growth facilitated a further reduction in government deficit and debt levels and an improvement in labour market conditions. The aggregate deficit for the euro area was now less than 1% of GDP and was forecast to fall under 3% in all euro area Member States in 2018. |
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| Source Link |
https://ec.europa.eu/info/publications/economy-finance/european-economic-forecast-spring-2018_en
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| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Economic Governance | Situation |
| International Organisations | European Union [EU] |
