The European economy with solid growth
The euro area is enjoying growth rates not seen since before the financial crisis
- February 09, 2018 20:55
- Monika Dimitrova
The winter 2018 Interim Economic Forecast shows a solid and lasting expansion. The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade. This robust performance is set to continue in 2018 and 2019 with growth of 2.3% and 2.0% respectively in both the euro area and EU.
This is a result of the improvement of the labour market and a stronger than expected pick-up in global economic activity and trade. Strong demand, high capacity utilisation and supportive financing conditions are set to favour investment over the forecast horizon.
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