Navigation path

Login   |   Register
 

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Extracts from the press conference by Joaquín Almunia Member of the EC in charge of Economic and Monetary Affairs on the Autumn 2009 Economic Forecasts

150 views

The EC published its Autumn economic forecasts for 2009-2011 for Gross Domestic Product (GDP), inflation, employment and public finances. Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, presented figures for all 27 European Union countries, plus the EU and euro area aggregates. The Commission's autumn forecast projects that the EU economy will emerge from recession in the second half of this year, although for 2009 as a whole, GDP is still set to fall by some 4%. A gradual recovery is expected with GDP forecast to grow by ¾% in 2010 and around 1½% in 2011. The near-term rebound in activity follows from improvements in the external environment and financial conditions, as well as from the significant fiscal and monetary policy measures put in place. Further out, a number of factors are set to restrain private demand and thus, the strength of the recovery. In particular, labour-market conditions will remain weak, with the unemployment rate projected to reach 10¼% in the EU. The public deficit is also expected to rise, to 7½% of GDP in 2010, before falling back slightly in 2011 as the economy picks up and temporary measures gradually come to an end.
SHOTLIST LINK LINK INFO PRESS INFO PRESS

Type: EbS   Reference: 66455   Date: 03/11/2009   Duration: 00:02:52
To download, please log in



Video Player   Need some help?

You don't find what you are looking for? Ask us!


 
 
Investment plan


Thu 02/07
European Commission - Press release Brussels, 02 July 2015 The European Commission has found the amended restructuring plan of Österreichische Volksbanken AG (ÖVAG) and the Volksbanken-Verbund (Verbund) to be in line with EU state aid rules.
Thu 02/07
European Commission - Press release Brussels, 02 July 2015 The European Commission has found that public funding of €270 million to build a new cross‑Channel terminal in the Port of Calais is in line with EU state aid rules.
Thu 02/07
European Commission - Press release Brussels, 02 July 2015 Today, the Commission and the European Aviation Safety Agency (EASA) issued the first single air safety authorisations to 22 third country operators. These certifications will be valid throughout the EU.
Thu 02/07
European Commission - Daily News Daily News 02 / 07 / 2015 Brussels, 02 July 2015 Aviation: certifying third country operators to cut red tape and boost air safety Today, the Commission and the European Aviation Safety Agency (EASA) issued the first single air safety authorisations to 22 third country...
Thu 02/07
European Commission - Speech - [Check Against Delivery] 02 July 2015 Johannnes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations Vienna Speech at the meeting with Western Balkans 6 Ministers of Energy   Ministers, Allow me to start by thanking the Energy Community Secretariat, and its Director Janez Kopač...
Thu 02/07
European Commission - EUROSTAT Brussels, 02 July 2015 In May 2015, compared with April 2015, industrial producer prices remained stable in the euro area (EA19) and rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 On 30 June the first phase of transitional arrangements for Croatian workers came to an end. By that date Member States were required to notify the Commission whether they will maintain restrictions on access of Croatian citizens to employment during the...
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 To mark Stage 1 of the Deepening of Europe's Economic and Monetary Union (EMU), which starts today (1 July 2015), the College of Commissioners had a first debate on the "Five Presidents' Report".
Wed 01/07
European - Press release Commission Brussels, 01 July 2015 The European Commission has welcomed the agreement reached last night on a proposal for a revised Directive on insurance sales, known as the Insurance Distribution Directive.
Wed 01/07
European Commission - Press release Brussels, 01 July 2015 The European Union is increasing its humanitarian response to help people affected by the crisis in eastern Ukraine, with a new aid package worth €15 million announced today by European Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides during his...

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2015