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 almost a decade, the economies of all EU Member States are
expected to grow throughout the entire forecasting period (2016, 2017
and 2018). However, the outlook is surrounded by higher-than-usual
uncertainty.
Real GDP in the euro area has grown for 15 consecutive quarters,
employment is growing at a robust pace and unemployment continues to
fall, although it remains above pre-crisis levels. Private consumption
is still the engine of the recovery. Investment growth continues but
remains subdued.
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