|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 108|
|Publication Date||July 2019|
The European Commission published on 10 July 2019 its Summer economic forecast for the European Union (EU) and the Eurozone.
The European economy was forecast to achieve its seventh consecutive year of growth in 2019, with all Member States' economies due to expand. Growth in the euro area was stronger than expected in the first quarter of the year due to a number of temporary factors. It also benefited from fiscal policy measures, which boosted household disposable income in several Member States. The near-term outlook for the European economy, however, was clouded by external factors. These continued to weigh on confidence in the manufacturing sector, which is the most exposed to international trade, and were projected to weaken the growth outlook for the remainder of the year.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation|
|International Organisations||European Union [EU]|