EZ EU Economic Forecasts
The forecasts serve as the European Commission's basis for evaluating economic performance and trends of EU member states in regard to potential austerity measures and other forced spending cuts;
This report includes economic forecasts for EU member states over the next 2 years, and covers about 180 variables. Source changed release frequency from twice per year to three times per year as of Feb 2012 and from three times per year to quarterly as of Jul 2018;
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| Expected Impact / Date | Description |
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| Nov 15, 2024 | |
| May 15, 2024 | |
| Feb 15, 2024 | |
| Nov 15, 2023 | |
| Sep 11, 2023 | |
| May 15, 2023 | |
| Feb 13, 2023 | |
| Nov 11, 2022 | |
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- EZ EU Economic Forecasts News
From economy-finance.ec.europa.eu|Nov 15, 2024Following a prolonged and broad-based stagnation, the EU economy resumed growth in the first quarter of this year. As projected in spring, the expansion continued at a subdued, yet steady, pace throughout the second and third quarters, amidst further abating inflationary pressures. The conditions for a mild acceleration of domestic demand appear in place, despite heightened uncertainty. This Autumn Forecast projects real GDP growth in 2024 at 0.9% in the EU and 0.8% in the euro area. For the EU, this is 0.1 pps. lower with respect to ...
From bnnbloomberg.ca|Feb 15, 2024|1 commentThe euro-area economy is entering 2024 on a weaker footing than previously expected, according to new European Union forecasts that anticipate another year of subdued growth. Gross domestic product in the currency bloc will accelerate only slightly to 0.8% this year after 0.5% in 2023, the European Commission said in a report Thursday. In November, it had predicted a more marked improvement to 1.2%. It also cut its 2025 forecast to 1.5%, from 1.6% “The rebound expected in 2024 is set to be more modest than projected three months ago, ...
From economy-finance.ec.europa.eu|Feb 15, 2024This Winter interim Forecast lowers the growth outlook for this year and sets inflation on a lower downward path than projected last autumn. Economic activity in 2023 is now estimated to have expanded by only 0.5% in both the EU and the euro area. The growth outlook for 2024 is revised down to 0.9% in the EU and 0.8% in the euro area. In 2025, economic activity is still expected to expand by 1.7% in the EU and 1.5% in the euro area. EU HICP inflation is forecast to fall from 6.3% in 2023 to 3.0% in 2024 and 2.5% in 2025. In the euro ...
From @financialjuice|Nov 15, 2023post:
EU COMMINSION: HIGH INFLATION, ECB INTEREST RATES AND WEAKER EXTERNAL DEMAND TOOK A HEAVIER TOOL ON EURO ZONE GROWTH THAN EXPECTED. post: EU COMMISSION CUTS 2023 EURO ZONE ECONOMIC GROWTH FORECAST TO 0.6% FROM 0.8% FORECAST IN SEPTEMBER. post: EU COMMISSION EXPECTS AGGRAGATED EURO ZONE PUBLIC DEBT TO EASE IN 2024 TO 89.7% OF GDP FROM 90.4% IN 2023, EASING TO 89.5% IN 2025. post: EU COMMISSION FORECASTS ITALY, FRANCE, BELGIUM, SLOVAKIA AND MALTA TO HAVE A BUDGET DEFICIT WELL ABOVE THE EU'S LIMIT OF 3% IN 2024 AND 2025. post: EU COMMISSION FORECASTS EURO ZONE INFLATION WILL FALL TO 3.2% IN 2024 AND TO 2.2% IN 2025.
From ec.europa.eu|Sep 11, 2023The European Commission has today presented the Summer 2023 Economic Forecast. The EU economy continues to grow, albeit with reduced momentum. The forecast revises growth in the EU economy down to 0.8% in 2023, from 1% projected in the Spring Forecast, and 1.4% in 2024, from 1.7%. It also revises growth in the euro area down to 0.8% in 2023 (from 1.1%) and 1.3% in 2024 (from 1.6%). Inflation is expected to continue to decline over the forecast horizon. Harmonised index of consumer prices (HICP) inflation is now projected to reach 6.5% in 2023 (compared to 6.7% in the spring) and 3.2% in 2024 (compared to 3.1%) in the EU. In the euro area, inflation is forecast to be 5.6% in 2023 (compared to 5.8%) and 2.9% in 2024 (compared to 2.8%). A reduced growth momentum Latest data confirm that economi post: EU Cuts 2023, 2024 Eurozone Growth Forecasts EU Sees Eurozone Growth at 0.8% in 2023, Down From 1.1% Previously Forecast EU Sees Eurozone Growth at 1.3% in 2024, Down From 1.6% Previously Forecast EU Sees Eurozone Inflation at 5.6% in 2023, Down From 5.8% Previously Forecast…
From ec.europa.eu|May 15, 2023The European economy continues to show resilience in a challenging global context. Lower energy prices, abating supply constraints and a strong labour market supported moderate growth in the first quarter of 2023, dispelling fears of a recession. This better-than-expected start to the year lifts the growth outlook for the EU economy to 1.0% in 2023 (0.8% in the Winter interim Forecast) and 1.7% in 2024 (1.6% in the winter). Upward revisions for the euro area are of a similar magnitude, with GDP growth now expected at 1.1% and 1.6% in ...
From economy-finance.ec.europa.eu|Feb 13, 2023|1 commentThis Winter interim Forecast lifts the outlook for growth and slightly lowers the inflation projections. Growth for 2022 is now estimated at 3.5% in both the EU and the euro area. GDP is projected to expand by 0.8% in 2023 and 1.6% in 2024 (0.9% and 1.5% in the euro area). Headline inflation is forecast to fall from 9.2% in 2022 to 6.4% in 2023 and 2.8% in 2024 in the EU. In the euro area, it is projected to decelerate from 8.4% in 2022 to 5.6% in 2023 and to 2.5% in 2024.Since autumn, the EU economy has seen a number of positive ...
From @C_Barraud|Feb 13, 2023post at 4:03am:
*EU RAISES EURO-AREA 2023 GROWTH FORECAST TO 0.9% VS 0.3% PRIOR - BBG *EU LOWERS EURO-AREA 2023 INFLATION FORECAST TO 5.6% VS 6.1%
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