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.
Mar 1, 2017: The world economy remained in recovery mode last year, despite a slight global slowdown. In the major emerging economies of China, India and Indonesia, expansionary economic policies stimulated growth in the summer of 2016, while recessionary trends in commodity-exporting emerging economies like Russia and Brazil weakened. The pace of global economic expansion is expected to dip slightly over the course of 2017, largely due to a surge in political uncertainty. The euro area economy remains characterised by the massive structural weaknesses of some member states, with developments in private consumption remaining the key driver of its moderate recovery. Overall, growth rates for the world economy in 2017 are still only expected to be about half as high as in the years prior to the global financial crisis. 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