The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences.
The Winter 2020 Economic Forecast projects that the European economy is set to continue on a path of steady, moderate growth.
The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021.
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%...
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.
Growth in the euro area is forecast to ease from a 10-year high of 2.4% in 2017 to 2.1% in 2018 before moderating further to 1.9% in 2019 and 1.7% in 2020.
Growth is set to remain strong in 2018 and 2019, at 2.1% this year and 2% next year in both the EU and the euro area.
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. The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade.
The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%.
Published on 11 May 2017 and covering the period to the end of 2018. Download the report, access the data source and see key predictions.
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...
Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. This page groups all documents and media related to the Autumn 2016 economic forecast, as well as a video summarising the main findings.
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. This page groups all documents and media related to the Spring 2016 economic forecast, as well as a video summarising the main findings.
The European economy is now entering its fourth year of recovery and growth continues at a moderate rate, driven mainly by consumption. At the same time, much of the world economy is grappling with major challenges and risks to European growth are therefore increasing. This page groups all documents and media related to the Winter 2016 economic forecast, as well as a video summarising the main findings.
The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. This page groups all documents and media related to the Autumn 2015 economic forecast.
Information on the methodology and coverage of the economic forecasts published in this section.