Key Points
● Economic growth has been modest and business investment is recovering slowly
● Euro area monetary conditions have eased further
● Risks from the low interest rate environment have so far been limited
● The current account surplus remains large
● The labour market has tightened, but a large gender pay gap and rising
immigration pose challenges
● Fiscal policy must address several challenges
● Raising investment and productivity
● Well-being and demographic change
EU Forecast
euf:ba18a:29/nws-01