Global and European Economic Recovery

Raluca Andreea Mihalache
Additional contact information
Raluca Andreea Mihalache: Universitatea Artifex, Bucuresti

Romanian Statistical Review Supplement, 2016, vol. 64, issue 5, 121-125

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.

Keywords: economic recovery; GDP; private consumption; government consumption; inflation; HICP inflation; budget balance; flash consumer confidence indicator (search for similar items in EconPapers)
JEL-codes: C82 E20 E22 E60 H6 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/supliment/wp-con ... s_05_2016_a10_en.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:64:y:2016:i:5:p:121-125

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().