About: economic forecast
Four-day work week: How competitive is mental health?
The Brussels economic policy crowd seems to be positively inclined towards the idea of a four day work week if a recent debate at the Brussels Economic Forum is anything to go by.
EU cuts growth forecast as energy prices ‘chill’ economy
The EU economy will grow less than expected this year, the European Commission said on Thursday, as energy prices and supply chain problems jack up inflation and delay a more sustained recovery from the pandemic.
Amid Delta scare, EU forecasts higher growth in eurozone
The eurozone economy will grow faster than previously thought both this year and next, the European Commission said on Wednesday (7 July), despite emerging concerns the fast-spreading Delta variant of the coronavirus could lead to new restrictions.
Fund unleashes resources to finance European recovery
The EU's recovery fund and private investors will push investment to a level not seen for more than a decade, but the risk of corporate insolvencies could hamper the European economy take-off.
European recovery gains speed as COVID-19 fund kicks in
Europe's economic recovery from the impact of COVID-19 is gaining momentum, the European Commission concluded in an economic forecast presented on Wednesday (12 May), with the rebound credited to the recovery fund, vaccines, global trade and the lifting of lockdowns.
European recovery slows downs amid high uncertainty
The European Commission revised downwards its expectations about the European recovery as the impact of the second wave of COVID-19, and the uncertainty about how it will evolve further, will weigh on the fragile economies.
Commission expects recession to worsen in hard-hit Spain
The Spanish economy’s woes will worsen as GDP is expected to fall by 12.4% this year, according to the European Commission’s latest forecast to be published on Thursday, EU officials told EURACTIV.
Italy, Spain and France worst performers as recession deepens
Italy, Spain and France will register the worst economic downturn among eurozone countries this year as the contraction will be more severe than previously expected, according to the latest European Commission forecast published on Tuesday (7 July).
Coronavirus will trigger the deepest recession in EU history
The economies of EU countries will shrink by 7.4% this year as the coronavirus crisis is set to cause the worst recession in the bloc’s history, according to the European Commission's spring forecast presented on Wednesday (6 May), which also foresaw a significant rebound in 2021.
Commission expects Spanish economy to shrink 9.4% this year
The European Commission expects the Spanish economy to contract by as much as 9.4% this year due to the impact of the coronavirus, although it should regain some of the lost ground in 2021, when it is expected to grow by 7%, EU sources told EURACTIV.
EU leaves economic forecast unchanged despite risks
The European Commission kept unchanged its economic forecast for moderate eurozone growth for this year and 2021 despite the impact of looming risks, especially the coronavirus.
‘Too early to assess’ the economic impact of coronavirus, Commission says
The European Commission won't consider the effects of the coronavirus outbreak in its updated growth forecast, expected on Thursday (13 February), saying it is "too early" to estimate the impact of the virus on the region’s output, EU sources told EURACTIV.
As economy slows, Commission tells member states to be ready for ‘all scenarios’
EU member states should be prepared for “all scenarios” as the European economy continues to decelerate, and is not expected to pick up in the near future, the European Commission warned in its latest economic forecast published on Thursday (7 November).
Commission’s forecast paves the way for new ECB stimulus
The European Commission kept its growth forecast unchanged at 1.2% on Wednesday (10 July) but revised downwards inflation to 1.3% for this year and the next, strengthening the case for further monetary stimulus as global economic risks worsen.
Slowing growth: EU countries urged to further adjust spending
The European Commission called on Spain, Italy, France and Belgium to do more efforts to balance their public accounts yesterday (7 May), citing a slowing economy.
ECB sees global economic slowdown in 2019
The global economy is set to slow down in 2019 and stabilise thereafter, the European Central Bank said on Thursday (27 December), while still expecting prices to rise.
Trade war starts to dent European growth
The European Commission cut expected EU growth for this year by 0.2% compared to its forecast less than three months ago, as output was weaker than expected during the first semester and external risks, especially the trade war, are on the rise.
Trump becomes number one threat to European economy
US President Donald Trump’s decision to leave the Iran deal represents his third strike against the European economy in half a year and will add more volatility in an already difficult period.
Trump’s policies could throw EU’s economic expansion ‘off track’, warns Commission
The European economy is expected to continue growing at a robust pace, but faces negative spillovers from the fiscal stimulus and trade restrictions adopted by US President Donald Trump, the European Commission warned on Thursday (3 May).
European economy beats expectations as risks decline
The European economy is enjoying a period of positive momentum as growth spreads across all member states, public accounts are expected to look healthier and risks are balanced for the first time in a long while, the European Commission concluded on Thursday (9 November).
EU to grow faster despite Brexit turmoil
The European Commission on Thursday (11 May) revised upwards its growth forecast for this year and the next, despite the difficult break-up negotiations expected between the EU and the UK, and the long list of challenges affecting the bloc.
Commission: We ‘stuck our neck out’ assessing Trump’s plan
Experts welcomed the European Commission’s assessment of US President Donald Trump’s fiscal stimulus package despite the high level of uncertainty around the plan.
Commission: Trump stimulus payment ‘gonna be huge’ but inconsequential
The European Commission predicted in its winter forecast €226 billion in additional spending as part of the fiscal stimulus promised by the new US government, but its economic impact will be “very low”.