|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 84|
|Publication Date||July 2018|
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.
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.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation|
|International Organisations||European Union [EU]|