European Commission, (2016), “European Economic Forecast-Winter 2016”, Institutional Paper 020, February
While growth is continuing at a moderate rate in Europe, significant parts of the world economy are grappling with major challenges. Growth in the euro area in 2016 is expected to continue, but the recovery is slow, both in historical perspective and compared to other advanced economies. While the renewed drop in energy prices should continue to boost households’ real incomes and consumption,
public consumption has surprised on the upside due to the arrival of unprecedented numbers of migrants fleeing war and insecurity in Syria and elsewhere.
Relevant Posts
- European Commission, (2015), “European Economic Forecast-Autumn 2015”, European Economy, Institutional Paper 011, DG for Economic & Financial Affairs, November.
- European Commission, (2015), European Economic Forecast-Spring 2015, European Economy 2|2015, DG for Economic & Financial Affairs, May 2015.