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. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period.
In April, after three consecutive months of decline, the Economic Sentiment Indicator (ESI) picked up in both the euro area (by 0.9 points to 103.9) and the EU (by 0.5 points to 105.1).
The Brussels Economic Forum will take place on 9 June at Flagey Building. We are delighted to be joined by European Central Bank President Mario Draghi, who will deliver the 5th Tommaso Padoa-Schioppa lecture. Find out more about the programme and confirmed speakers by visiting the BEF 2016 website.
This report by the European Commission presents the findings of the third post-programme surveillance mission to Portugal and identifies remaining challenges for the Portuguese economy.
A team from the European Commission (EC), in liaison with staff from the European Central Bank (ECB), carried out the fifth post-programme surveillance visit to Spain on 11-13 April 2016. The European Stability Mechanism (ESM) participated in the meetings on aspects relating to its early warning system. The mission was limited in scope, and mainly focused on financial sector issues.