Forecast - By year

2018
Autumn 2018 Economic Forecast: sustained but less dynamic growth amid high uncertainty
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.
Summer 2018 Interim Economic Forecast: Resilient growth amid increased uncertainty
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.
Spring 2018 Economic Forecast: Expansion to continue, amid new risks
Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%.
Winter 2018 Economic Forecast
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
Autumn 2019 Economic Forecast: A challenging road ahead
Autumn Economic Forecast 2019 infographic
Summer 2019 Economic Forecast: Growth clouded by external factors
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%...
Spring 2019 Economic Forecast: Growth continues at a more moderate pace
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.
Winter 2019 Economic Forecast: growth moderates amid global uncertainties
The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State.
2020
Autumn 2020 Economic Forecast
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...
Summer 2020 Economic Forecast:
​A deeper recession with wider divergences
The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response...
Spring 2020 Economic Forecast:
​A deep and uneven recession, an uncertain recovery
​The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences.
Winter 2020 Economic Forecast:
​Offsetting forces confirm subdued growth
The Winter 2020 Economic Forecast projects that the European economy is set to continue on a path of steady, moderate growth.
2021
Autumn 2021 Economic Forecast: From recovery to expansion, amid headwinds

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The Autumn 2021 Economic Forecast projects that, despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon.
Summer 2021 Economic Forecast: Reopening fuels recovery
The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations...
Spring 2021 Economic Forecast: Rolling up sleeves
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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...
Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel
Europe remains in the grip of the coronavirus pandemic.
2022
Autumn 2022 Economic Forecast:
​The EU economy at a turning point
​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.
Summer 2022 Economic Forecast:
The outlook is getting worse​
European countries are grappling with high inflation and an increasingly difficult economy.
Spring 2022 Economic Forecast:
worsening
The prospects for the EU economy before the outbreak of the war were for sustained and robust expansion. Now they have definitely gotten worse.
Winter 2022 Economic Forecast:
​Growth expected to regain traction after winter slowdown
​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

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Methodology of business and consumer surveys