WINTER FORECAST EU: Recovery continues
On the basis of about 180 indicators such include GDP, inflation, employment and public finances, the European Commission provides a forecast for economic growth in the European Union, the euro area and their main trading partners. For the first time this forecast casts a look ahead to 2014 and 2015.
The forecasts are the basis for economic monitoring procedures under the European Semester. They are analyzes made by the country desks of the Directorate-General for Economic and Financial Affairs of the European Commission (DG ECFIN).
NETHERLANDS: Economic recovery after two years of recession
Economic growth was positive in the second quarter of 2013 and gaining strength in 2014 and 2015. In 2014, it is still driven by investments. Due to rising domestic demand this growth will accelerate in 2015. Unemployment is at first level will drop to slow towards the end of the forecast horizon. The budget deficit remains close to the 3% of GDP.
You can find the full forecast for Netherlands in Annex or at:http://ec.europa.eu/economy_finance/eu/forecasts/2014_winter/nl_en.pdf
According to the winter forecast of the European Commission, the economic recovery in most Member States and in the EU by. Now the economy since the spring of 2013 is no longer in recession and is expected. A moderate increase in economic growth after three consecutive quarters of subdued recovery, Following a real GDP growth of 1.5% in the EU and 1.2% in the euro area in 2014, the activity would accelerate in 2015 to 2.0% in the EU and 1.8% in the eurozone. These figures are revised each compared with autumn 2013 forecast. Upwards by 0.1 percentage point