Regional economic outlook: Europe, managing the upswing in uncertain times

International Monetary Fund

Regional economic outlook: Europe, managing the upswing in uncertain times
Format
Paperback
Publisher
International Monetary Fund (IMF)
Country
United Kingdom
Published
11 July 2018
Pages
106
ISBN
9781484339909

Regional economic outlook: Europe, managing the upswing in uncertain times

International Monetary Fund

Europe continues to enjoy a strong growth spurt. Growth has firmed up in many European economies and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The expansion is largely driven by domestic demand, with investment increasingly contributing. Credit growth has finally picked up, which is helping Europe’s banks to rebuild profitability. While leading indicators have recently begun to ease, they remain at high levels. Accordingly, the forecast is for growth to stay strong, reaching 2.6 percent in 2018 and 2.2 percent in 2019. Amid the good times, however, fiscal adjustment and structural reforms efforts are flagging.

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