What are the economic forecasts for Europe in 2016?
Commission forecasts euro area growth of 1.6% and EU growth of 1.8% in 2016. 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.
What is the GDP growth for the euro area?
Summer 2019 Economic Forecast: Growth clouded by external factors. The forecast for euro area GDP growth in 2019 remains unchanged at 1.2%, while the forecast for 2020 has been lowered slightly to 1.4%…
What is the forecast for UK GDP in 2020?
The UK is forecast to see a 11.2% fall in GDP in 2020, with 4.2% growth in 2021.
How is the OECD GDP forecast based on?
Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. The indicator is measured in USD at 2010 Purchasing Power Parities. An interactive data visualization follows.
Is the European economy going to grow in 2019?
The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State.
What was the growth rate in the EU in 2017?
Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%. Growth rates for the euro area and the EU beat expectations last year as the transition from economic recovery to expansion continues.
What’s the forecast for the EU economy in 2021?
Growth is then forecast to remain solid in the last quarter of 2021, bringing EU GDP back to its pre‑crisis level earlier than previously projected. …and is stronger than previously forecast. All in all, the EU economy is forecast to grow by 4.2% in 2021 and to strengthen to around 4.4% in 2022 (4.3% and 4.4%, respectively, in the euro area).
How often does the European Commission publish economic forecasts?
The Commission publishes macroeconomic forecasts for the EU and its member countries four times a year. The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations…