Fourth year of EU recovery: Commission 2016 economic forecast

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Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs

Fourth year of EU recovery: Commission 2016 economic forecast


The European economy is entering its fourth year of recovery as growth continues at a moderate rate, driven mainly by consumption. However, the global economy is struggling with major challenges, which increasingly risks hindering the European economic growth.

Low oil prices, favourable financing conditions and the euro's low exchange rate are factors supporting growth said Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, presenting the EU Econ...


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