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Spring 2016 Economic Forecast: Staying the course amid high risks

May 3, 2016 | News

(03 May 2016) – Commission forecasts euro area growth of 1.6% and EU growth of 1.8% in 2016.

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Economic growth in Europe is expected to remain modest as key trading partners’ performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period.

According to its spring forecast, the Commission expects euro area GDP of 1.6% in 2016 and 1.8% in 2017 after 1.7% in 2015 (Winter forecast: 2015: 1.6%, 2016: 1.7%, 2017: 1.9%).

GDP growth in the EU is expected to moderate from 2.0% last year to 1.8% in 2016 before reaching 1.9% in 2017 (Winter forecast: 2015: 1.9%, 2016: 1.9%, 2017: 2.0%).

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