| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/513 (05.05.14) |
| Publication Date | 05/05/2014 |
| Content Type | News |
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On 5 May 2014 the European Commission published its Spring European Economic Forecast. It covered 2013, 2014 and 2015 and included data on Gross Domestic Product (GDP), inflation, employment and public budget deficits and debt, amongst others. These forecasts focused on all 28 EU Member States, plus the candidate countries as well as some non-EU countries. The forecast pointed to a continuing economic recovery in the European Union following its emergence from recession one year ago. Real GDP growth was set to reach 1.6% in the EU and 1.2% in the euro area in 2014, and to improve further in 2015 to 2.0% and 1.7% respectively. The forecast rested on the assumption that the agreed policy measures would be implemented by Member States and the EU, taking forward the necessary adjustment. The French Ministry for Finance Michel Sapin remained confident about its public deficit reductions, despite lingering doubts from the European Commission. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-513_en.htm |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
