Euro Area Policies: 2026 Annual Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries

International Monetary Fund

No 2026/177, IMF Staff Country Reports from International Monetary Fund

Abstract: The euro area economy had displayed resilience before the war in the Middle East started. In 2025, GDP growth ran slightly above potential, inflation was close to target for most of the year, the output gap was broadly closed, and the current account surplus narrowed. The external position is assessed as broadly in line with medium-term fundamentals and desirable policies.

Pages: 94
Date: 2026-07-16
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