Global and European Economic Recovery
Journal Title: Revista Romana de Statistica - Year 2016, Vol 64, Issue 5
Abstract
The recovery in euro area economic activity will continue according to projections. It is anticipated that real GDP will increase by 1,7% in 2016 and 1,9% in 2017. The overall prospects are unchanged compared to the previous period, the domestic demand is however more favorable external demand and the less favorable. It is estimated that the recovery of economic activity in the euro area will continue, supported increasingly by domestic demand over the projection horizon. In the third quarter of 2015, real GDP grew by 0,3%. Looking ahead, on the basis of high levels of consumer confidence and corporate sector in recent months, we anticipate maintaining economic growth in the short term. Subsequently, a number of favorable factors are expected to support real GDP growth over the projection horizon, especially the accommodative monetary policy, a slight fiscal loosening, low prices of oil and gradually improving demand prospects worldwide, combined with the increase in quota the market share held by euro area exports, reflecting the relatively weaker exchange rate of the euro effectively.
Authors and Affiliations
Raluca Andreea MIHALACHE
Keywords
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