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European Economic Forecast

Here we suggest you the “European Economic Forecast – Spring 2014”, an important document produced by the Directorate General for Economic and Financial Affairs (DG ECFIN) on behalf of the European Commission. The forecast concetrates on the European Union, its Member States and the Eurozone. In addition, it also includes some interesting outlooks for some of the world’s other major economies and for current candidate countries for EU Membership.

DG ECFIN’s forecasts are published three times a year. The spring forecast is 2014’s second projection, following the winter forecast of last february. A final forecast for 2014 is set to published in the following november.

The Spring forecast offers a general positive outlook for the European economy, with a more lasting recovery taking place in most of both the European Union and the Eurozone.
The domestic demand is strengthening with the fading of the economic and financial crisis legacies. Other important insights come from the labour market, with a limited employment growth predicted for 2014. Furthermore, unemployment is set to decrease in most of the Member States, but large differences between European counties will still persist.
In conclusion, the forecast provides some encouraging projections, but the economic situation still remais quite troubled and uncertain.

 

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