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- It is likely that the euro area economy will remain subdued in the near term. However, it looks set to strengthen again over the medium term, as inflation falls further, household real incomes recover and the demand for euro area exports picks up.
www.ecb.europa.eu/press/key/date/2023/html/ecb.sp231113~c3716415a6.en.html
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Jan 10, 2024 · Economic activity in the euro area slowed slightly in the third quarter of 2023. Soft indicators point to an economic contraction in December too, confirming the possibility of a technical recession in the second half of 2023 and weak prospects for the near term.
- Outlook for the euro area economy and financial stability
Fiscal policy should be geared towards making the euro area...
- Spring 2024 Economic Forecast: A gradual expansion amid high ...
In the euro area, it is forecast to fall from 5.4% in 2023...
- Outlook for the euro area economy and financial stability
Nov 13, 2023 · Fiscal policy should be geared towards making the euro area economy more productive and gradually bringing down high public debt. Structural reforms to enhance the euro area’s supply capacity can help reduce price pressures in the medium term.
- Euro Area Economic Outlook
- Monetary Policy Decisions
- Financial Stability
- Conclusion
One year ago I said that growth prospects appeared quite positive following the rebound in economic activity in the first three quarters of 2021, as lockdown measures were lifted and vaccination rates rose. But as we know, the euro area growth outlook has deteriorated significantly since then. One year on, the Russian invasion of Ukraine and the en...
To support a timely return of inflation to 2%, our monetary policy aims to reduce support for demand and to ensure inflation expectations remain anchored at our medium-term target. Accordingly, we decided to raise the three key ECB interest rates by 75 basis points in October – the third major rate hike in a row – and we expect to raise interest ra...
Our financial stability assessment has also changed considerably compared to one year ago. In our Financial Stability Review of November 2021, we underlined the impact of improved economic conditions in reducing risks to financial stability. Since then, the outlook for financial stability has been downgraded twice: in our Financial Stability Review...
Let me conclude. We are living in a period of high uncertainty due to a deteriorating economic outlook, inflationary pressures, tighter financing conditions and geopolitical tensions. A resilient financial sector is essential in these times. Thanks to regulatory advances and active use of prudential policies since the global financial crisis, the b...
2 days ago · The euro zone economy grew faster than expected last quarter but threats of oversized tariffs from a potential Trump presidency, escalating trade tensions with China and muted consumer confidence ...
May 15, 2024 · In the euro area, it is forecast to fall from 5.4% in 2023 to 2.5% in 2024 and 2.1% in 2025. This is a downward revision compared to winter for both the EU and the euro area – especially for this year. Economic activity broadly stagnated in 2023. Private consumption only grew by 0.4%.
Feb 15, 2024 · The European Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July.
The snapshot offers a concise summary of the European Union and euro area economic trends and prospects, drawing from the OECD Economic Survey, Economic Outlook, and Economic Policy Reform: Going for Growth reports, delivering in-depth analyses of economic trends, suggested policy recommendations, alongside an overview of structural policy ...
