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European Economic Forecast - Winter 2018 (Interim)

European Economic Forecast - Winter 2018 (Interim)

Economic activity in the euro area turned out stronger than expected in the second half of 2017, with GDP growing by 0.7% and 0.6% q-o-q in the third and last quarters of the year. Survey data also suggest that growth momentum should remain robust in early 2018. While the broad-based acceleration of global economic activity and trade over the course of last year benefitted the euro area, domestic demand also strengthened, enhanced by above-average business and consumer sentiment, continued policy support, and improving labour markets.[…]