EEAG Economic Outlook
A European economic forecast is presented once a year in the Report on the European Economy by the EEAG (European Economic Advisory Group at CESifo).
The objective is to produce a forecast of the economic development of the European economy and other major industrialized countries for the present year. The most important variables being forecasted are growth in real gross domestic product and its underlying spending components as well as inflation and labour market developments.
Feb 22, 2016: Whereas the industrialised countries remained in recovery mode last year, economic development in the emerging markets slowed down markedly. Latin America and Russia actually went into recession, albeit for different reasons. Whereas in previous years the emerging markets were the main drivers behind world economic development, and thereby the slow recovery of the industrialised world, these roles were reversed last year. Good business cycle conditions in the United States and the United Kingdom, together with recovery towards moderate growth in the euro area, had a stabilising influence on the world economy in 2015. This development is in essence expected to continue, allowing countries like the United States and the United Kingdom to slowly change their monetary policy stance and make it less accommodating. The recessions in Latin America and Russia will lose their strength and the smaller East Asian economies will be able to return to somewhat higher growth. All in all, this will allow the world economy to remain in the moderate recovery mode that has been witnessed since 2011. Details
On 22 February 2016, the European Economic Advisory Group at CESifo presented its fifteenth report ”Report on the European Economy” at a press conference in Brussels, followed by press conferences in major European cities.
read on The EEAG Report on the European Economy 2016