& Events

Winter 2017 Economic Forecast: Navigating through choppy waters

Feb 13, 2017 | News

(13 February 2017) – According to the Winter 2017 Economic Forecast published today, all EU Member States’ economies set to grow in 2016, 2017 and 2018.

winter forecast
© CC0 Public Domain

Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in almost a decade, the economies of all EU Member States are expected to grow throughout the entire forecasting period (2016, 2017 and 2018). However, the outlook is surrounded by higher-than-usual uncertainty.

Real GDP in the euro area has grown for 15 consecutive quarters, employment is growing at a robust pace and unemployment continues to fall, although it remains above pre-crisis levels.

Private consumption is still the engine of the recovery. Investment growth continues but remains subdued.

More information