Summer 2018 European Economic Forecast (Interim)

Author (Corporate)
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Series Details Number 84
Publication Date July 2018
ISBN 978-92-79-77465-2
ISSN 2443-8014
EC KC-BC-18-016-EN-N
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The European Commission published on 12 July 2018 its interim economic forecast, which covers annual and quarterly GDP and inflation for the year and following one for all Member States and the Eurozone, as well as aggregates for the European Union.

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Growth was forecast to remain strong in 2018 and following year, at 2.1% and 2% respectively in both in the EU and the Euro area. However, after fice consecutive quarters of vigorous expansion, the economic momentum moderated in the first half of 2018. It was expected that growth momentum would strengthen somewhat in the second half of 2018, as labour market conditions were forecast to improve, household debt decline, and consumer confidence to remain high.

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EurActiv, 12.07.18: Trade war starts to dent European growth
Deutsche Welle, 12.07.18: EU economic growth forecast reduced
RTÉ News, 12.07.18: EU Commission cuts euro zone growth forecasts due to trade wars
Reuters, 12.07.18: EU cuts euro zone growth forecast, blames U.S. trade wars

European Commission: DG Economic and Financial Affairs: Summer 2018 Interim Economic Forecast: Resilient growth amid increased uncertainty
European Commission: Press Release, 12.07.18: Summer 2018 Interim Economic Forecast: Resilient Growth amid increased uncertainty
European Commission: Commissioner Pierre Moscovici presents the Summer 2018 Interim Economic Forecast

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