Forecast - By year
2018
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. |
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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. |
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Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%. |
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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. |
2019
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%... |
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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. |
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The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State. |
2020
Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures... |
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The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response... |
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The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. |
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The Winter 2020 Economic Forecast projects that the European economy is set to continue on a path of steady, moderate growth. |
2021
The Autumn 2021 Economic Forecast projects that, despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon. |
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The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations... |
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The Spring 2021 Economic Forecast projects that growth rates will continue to vary across the EU, but all Member States should see their economies... |
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Europe remains in the grip of the coronavirus pandemic. |
2022
Though rapidly declining throughout the year, average inflation is projected to remain high, at 7.0% in the EU and 6.1% in the euro area. |
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European countries are grappling with high inflation and an increasingly difficult economy. |
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The prospects for the EU economy before the outbreak of the war were for sustained and robust expansion. Now they have definitely gotten worse. |
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The EU economy entered the new year on a weaker note than previously projected. |
2023
2024
Economic surveillance - By country
Business and consumer surveys
Latest business and consumer surveys
- Regular harmonised surveys are conducted by the Directorate General for Economic and Financial Affairs (DG ECFIN) for different sectors of the economies
Download business and consumer survey data
Methodology of business and consumer surveys
Source: European Union, http://www.europa.eu/, 1998-2023