News

(07 November 2019) - The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021. However, the external environment has become much less supportive and uncertainty is running high.

Commerce
© Wikimedia Commons

This is particularly affecting the manufacturing sector, which is also experiencing structural shifts. As a result, the European economy looks to be heading towards a protracted period of more subdued growth and muted inflation.

Euro area gross domestic product (GDP) is now forecast to expand by 1.1% in 2019 and by 1.2% in 2020 and 2021. Compared to the Summer 2019 Economic Forecast (published in July), the growth forecast has been downgraded by 0.1 percentage point in 2019 (from 1.2%) and 0.2 percentage points in 2020 (from 1.4%).

For the EU as a whole, GDP is forecast to rise by 1.4% in 2019, 2020 and 2021. The forecast for 2020 was also revised down compared to the summer (from 1.6%).

More information

     
TOP

Under the General Data Protection Regulation (GDPR), AEIDL guarantees the confidentiality and security of your personal data. Cookies are used for quantitative statistical use only.

For more information, contact us at privacy@aeidl.eu.