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Economic forecasts - European Commission

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data-inpage-navigation-source-area="h2, div.ecl-featured-item__heading" class="ecl-u-mb-l"> <article dir="ltr"> <div> <div class="navigation-lists-block"><div class="ecl-content-item-block"><div class="ecl-row"><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2024-economic-forecast-gradual-rebound-adverse-environment_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2024&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;gradual&#x20;rebound&#x20;in&#x20;an&#x20;adverse&#x20;environment" data-level="1" >Autumn 2024 Economic Forecast: A gradual rebound in an adverse environment</a></div><div class="ecl-content-block__description">After a prolonged period of stagnation, the EU economy is returning to modest growth, while the disinflation process continues. However, amid a complex and challenging environment, the outlook remains uncertain, with risks largely tilted to the downside. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2024-economic-forecast-gradual-expansion-amid-high-geopolitical-risks_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2024&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;gradual&#x20;expansion&#x20;amid&#x20;high&#x20;geopolitical&#x20;risks" data-level="1" >Spring 2024 Economic Forecast: A gradual expansion amid high geopolitical risks</a></div><div class="ecl-content-block__description">After a prolonged period of stagnation, better-than-expected growth at the start of 2024 and the ongoing reduction in inflation set the scene for a gradual recovery of the EU economy over the forecast horizon.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2024-economic-forecast-delayed-rebound-growth-amid-faster-easing-inflation_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2024&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;delayed&#x20;rebound&#x20;in&#x20;growth&#x20;amid&#x20;faster&#x20;easing&#x20;of&#x20;inflation" data-level="1" >Winter 2024 Economic Forecast: A delayed rebound in growth amid faster easing of inflation</a></div><div class="ecl-content-block__description">Following subdued growth last year, the EU economy has entered 2024 on a weaker footing than expected. The European Commission’s 2024 Winter interim Economic Forecast revises growth in both the EU and the euro area down for 2023 and 2024. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2023-economic-forecast-modest-recovery-ahead-after-challenging-year_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2023&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;modest&#x20;recovery&#x20;ahead&#x20;after&#x20;a&#x20;challenging&#x20;year" data-level="1" >Autumn 2023 Economic Forecast: A modest recovery ahead after a challenging year</a></div><div class="ecl-content-block__description">The European economy has lost momentum this year against the background of a high cost of living, weak external demand and monetary tightening.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2023-economic-forecast-easing-growth-momentum-amid-declining-inflation-and-robust-labour_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2023&#x20;Economic&#x20;Forecast&#x3A;&#x20;Easing&#x20;growth&#x20;momentum&#x20;amid&#x20;declining&#x20;inflation&#x20;and&#x20;robust&#x20;labour&#x20;market" data-level="1" >Summer 2023 Economic Forecast: Easing growth momentum amid declining inflation and robust labour market</a></div><div class="ecl-content-block__description">The EU economy continues to grow, albeit with reduced momentum. The Summer 2023 Interim Economic Forecast revises growth down for the EU and the euro area in both 2023 and 2024. Headline inflation is expected to continue declining, broadly in line with the spring projections. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2023-economic-forecast-improved-outlook-amid-persistent-challenges_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2023&#x20;Economic&#x20;Forecast&#x3A;&#x20;an&#x20;improved&#x20;outlook&#x20;amid&#x20;persistent&#x20;challenges" data-level="1" >Spring 2023 Economic Forecast: an improved outlook amid persistent challenges</a></div><div class="ecl-content-block__description">The 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 and lifting the growth outlook for 2023 and 2024. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2023-economic-forecast-eu-economy-set-avoid-recession-headwinds-persist_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2023&#x20;Economic&#x20;Forecast&#x3A;&#x20;EU&#x20;Economy&#x20;set&#x20;to&#x20;avoid&#x20;recession,&#x20;but&#x20;headwinds&#x20;persist" data-level="1" >Winter 2023 Economic Forecast: EU Economy set to avoid recession, but headwinds persist</a></div><div class="ecl-content-block__description">This 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). </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2022-economic-forecast-eu-economy-turning-point_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2022&#x20;Economic&#x20;Forecast&#x3A;&#x20;The&#x20;EU&#x20;economy&#x20;at&#x20;a&#x20;turning&#x20;point" data-level="1" >Autumn 2022 Economic Forecast: The EU economy at a turning point</a></div><div class="ecl-content-block__description">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 – again a very large revision with respect to the 4.6% and 4.0% expected respectively for the EU and the euro area only a few months ago.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2022-economic-forecast-russias-war-worsens-outlook_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2022&#x20;Economic&#x20;Forecast&#x3A;&#x20;Russia&#x2019;s&#x20;war&#x20;worsens&#x20;the&#x20;outlook" data-level="1" >Summer 2022 Economic Forecast: Russia’s war worsens the outlook</a></div><div class="ecl-content-block__description">Russia’s unprovoked invasion of Ukraine continues to send shockwaves through the global economy. To navigate these troubled waters, Europe must show leadership, with three words defining our policies: solidarity, sustainabilty and security.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2022-economic-forecast-russian-invasion-tests-eu-economic-resilience_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2022&#x20;Economic&#x20;Forecast&#x3A;&#x20;Russian&#x20;invasion&#x20;tests&#x20;EU&#x20;economic&#x20;resilience" data-level="1" >Spring 2022 Economic Forecast: Russian invasion tests EU economic resilience</a></div><div class="ecl-content-block__description">The outlook for the EU economy before the outbreak of the war was for a prolonged and robust expansion. But Russia’s invasion of Ukraine has posed new challenges, just as the Union had recovered from the economic impacts of the pandemic.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2022-economic-forecast-growth-expected-regain-traction-after-winter-slowdown_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2022&#x20;Economic&#x20;Forecast&#x3A;&#x20;Growth&#x20;expected&#x20;to&#x20;regain&#x20;traction&#x20;after&#x20;winter&#x20;slowdown" data-level="1" >Winter 2022 Economic Forecast: Growth expected to regain traction after winter slowdown</a></div><div class="ecl-content-block__description">The EU economy entered the new year on a weaker note than previously projected. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2021-economic-forecast-recovery-expansion-amid-headwinds_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2021&#x20;Economic&#x20;Forecast&#x3A;&#x20;From&#x20;recovery&#x20;to&#x20;expansion,&#x20;amid&#x20;headwinds" data-level="1" >Autumn 2021 Economic Forecast: From recovery to expansion, amid headwinds</a></div><div class="ecl-content-block__description">The Autumn 2021 Economic Forecast projects that, despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2021-economic-forecast-reopening-fuels-recovery_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2021&#x20;Economic&#x20;Forecast&#x3A;&#x20;Reopening&#x20;fuels&#x20;recovery" data-level="1" >Summer 2021 Economic Forecast: Reopening fuels recovery</a></div><div class="ecl-content-block__description">The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2021-economic-forecast-rolling-sleeves_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2021&#x20;Economic&#x20;Forecast&#x3A;&#x20;Rolling&#x20;up&#x20;sleeves" data-level="1" >Spring 2021 Economic Forecast: Rolling up sleeves</a></div><div class="ecl-content-block__description">The Spring 2021 Economic Forecast projects that growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2021-economic-forecast-challenging-winter-light-end-tunnel_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2021&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;challenging&#x20;winter,&#x20;but&#x20;light&#x20;at&#x20;the&#x20;end&#x20;of&#x20;the&#x20;tunnel" data-level="1" >Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel</a></div><div class="ecl-content-block__description">Europe remains in the grip of the coronavirus pandemic.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2020-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2020&#x20;Economic&#x20;Forecast" data-level="1" >Autumn 2020 Economic Forecast</a></div><div class="ecl-content-block__description">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...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2020-economic-forecast-deeper-recession-wider-divergences_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2020&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;deeper&#x20;recession&#x20;with&#x20;wider&#x20;divergences" data-level="1" >Summer 2020 Economic Forecast: A deeper recession with wider divergences</a></div><div class="ecl-content-block__description">The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2020-economic-forecast-deep-and-uneven-recession-uncertain-recovery_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2020&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;deep&#x20;and&#x20;uneven&#x20;recession,&#x20;an&#x20;uncertain&#x20;recovery" data-level="1" >Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery</a></div><div class="ecl-content-block__description">The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2020-economic-forecast-offsetting-forces-confirm-subdued-growth_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2020&#x20;Economic&#x20;Forecast&#x3A;&#x20;Offsetting&#x20;forces&#x20;confirm&#x20;subdued&#x20;growth" data-level="1" >Winter 2020 Economic Forecast: Offsetting forces confirm subdued growth</a></div><div class="ecl-content-block__description">The Winter 2020 Economic Forecast projects that the European economy is set to continue on a path of steady, moderate growth.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2019-economic-forecast-challenging-road-ahead_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2019&#x20;Economic&#x20;Forecast&#x3A;&#x20;A&#x20;challenging&#x20;road&#x20;ahead" data-level="1" >Autumn 2019 Economic Forecast: A challenging road ahead</a></div><div class="ecl-content-block__description">The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2019-economic-forecast-growth-clouded-external-factors_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2019&#x20;Economic&#x20;Forecast&#x3A;&#x20;Growth&#x20;clouded&#x20;by&#x20;external&#x20;factors" data-level="1" >Summer 2019 Economic Forecast: Growth clouded by external factors</a></div><div class="ecl-content-block__description">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% following the more moderate pace expected in the rest of this year (spring forecast: 1.5%). </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2019-economic-forecast-growth-continues-more-moderate-pace_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2019&#x20;Economic&#x20;Forecast&#x3A;&#x20;Growth&#x20;continues&#x20;at&#x20;a&#x20;more&#x20;moderate&#x20;pace" data-level="1" >Spring 2019 Economic Forecast: Growth continues at a more moderate pace</a></div><div class="ecl-content-block__description">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.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2019-economic-forecast-growth-moderates-amid-global-uncertainties_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2019&#x20;Economic&#x20;Forecast&#x3A;&#x20;growth&#x20;moderates&#x20;amid&#x20;global&#x20;uncertainties" data-level="1" >Winter 2019 Economic Forecast: growth moderates amid global uncertainties</a></div><div class="ecl-content-block__description">The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2018-economic-forecast-sustained-less-dynamic-growth-amid-high-uncertainty_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2018&#x20;Economic&#x20;Forecast&#x3A;&#x20;sustained&#x20;but&#x20;less&#x20;dynamic&#x20;growth&#x20;amid&#x20;high&#x20;uncertainty" data-level="1" >Autumn 2018 Economic Forecast: sustained but less dynamic growth amid high uncertainty</a></div><div class="ecl-content-block__description">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.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/summer-2018-interim-economic-forecast-resilient-growth-amid-increased-uncertainty_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Summer&#x20;2018&#x20;Interim&#x20;Economic&#x20;Forecast&#x3A;&#x20;Resilient&#x20;growth&#x20;amid&#x20;increased&#x20;uncertainty" data-level="1" >Summer 2018 Interim Economic Forecast: Resilient growth amid increased uncertainty</a></div><div class="ecl-content-block__description">Growth is set to remain strong in 2018 and 2019, at 2.1% this year and 2% next year inboth the EU and the euro area.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2018-economic-forecast-expansion-continue-amid-new-risks_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2018&#x20;Economic&#x20;Forecast&#x3A;&#x20;Expansion&#x20;to&#x20;continue,&#x20;amid&#x20;new&#x20;risks" data-level="1" >Spring 2018 Economic Forecast: Expansion to continue, amid new risks</a></div><div class="ecl-content-block__description">Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2018-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2018&#x20;Economic&#x20;Forecast" data-level="1" >Winter 2018 Economic Forecast</a></div><div class="ecl-content-block__description">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.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2017-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2017&#x20;Economic&#x20;Forecast" data-level="1" >Autumn 2017 Economic Forecast</a></div><div class="ecl-content-block__description">The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. </div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2017-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2017&#x20;Economic&#x20;Forecast" data-level="1" >Spring 2017 Economic Forecast</a></div><div class="ecl-content-block__description">Published on 11 May 2017 and covering the period to the end of 2018.Download the report, access the data source and see key predictions.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2017-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2017&#x20;Economic&#x20;Forecast" data-level="1" >Winter 2017 Economic Forecast</a></div><div class="ecl-content-block__description">Having proven resilient to global challenges last year, the European economic recovery is expected to continue this year and next: for the first time in...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2016-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2016&#x20;Economic&#x20;Forecast" data-level="1" >Autumn 2016 Economic Forecast</a></div><div class="ecl-content-block__description">Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. This page groups all documents and media related to the Autumn 2016 economic forecast, as well as a video summarising the main findings.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 "><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/spring-2016-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Spring&#x20;2016&#x20;Economic&#x20;Forecast" data-level="1" >Spring 2016 Economic Forecast</a></div><div class="ecl-content-block__description">Commission forecasts euro area growth of 1.6% and EU growth of 1.8% in 2016. Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. This page groups all documents and media related to the...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 last-item-column"><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/winter-2016-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Winter&#x20;2016&#x20;Economic&#x20;Forecast" data-level="1" >Winter 2016 Economic Forecast</a></div><div class="ecl-content-block__description">The European economy is now entering its fourth year of recovery and growth continues at a moderate rate, driven mainly by consumption. At the same time, much of the world economy is grappling with major challenges and risks to European growth are therefore increasing. This page groups all...</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 last-item-column"><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/autumn-2015-economic-forecast_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="Autumn&#x20;2015&#x20;economic&#x20;forecast" data-level="1" >Autumn 2015 economic forecast</a></div><div class="ecl-content-block__description">The economic recovery in the euro area and the European Union as a whole is now in its third year. It should continue at a modest pace next year despite more challenging conditions in the global economy. This page groups all documents and media related to the Autumn 2015 economic forecast.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 last-item-column last-item"><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title"data-ecl-title-link><a href="/economic-forecast-and-surveys/economic-forecasts/about-economic-forecasts_en?prefLang=es" class="ecl-link ecl-link--standalone" data-untranslated-label="About&#x20;the&#x20;economic&#x20;forecasts" data-level="1" >About the economic forecasts</a></div><div class="ecl-content-block__description">Information on the methodology and coverage of the economic forecasts published in this section.</div></div></article></div></div></div></div> <div class="related-links"> <h2 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