EU Forecasts Stronger Euro-Area Growth as German Core Stabilizes
- European Commission raises bloc’s 2018 outlook to 2.3%
- Angela Merkel ends German stalemate with new coalition deal
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The euro-area economy will expand faster than previously anticipated this year and next, according to the European Commission, which said growth in the region is more balanced than at any time since the financial crisis.
The 2.3 percent pace projected for 2018 is up from 2.1 percent forecast in November and close to the decade-high rate of 2.4 percent reached in 2017. The 2019 forecast was upgraded to 2 percent, and the outlook is broadly in line with the most recent projections from the European Central Bank and the International Monetary Fund.