Against this backdrop of ECB support, we maintain our scenario of a stronger cyclical recovery, with
euro area GDP growing at around 1.8 % this year and next, above potential, on the back of rising domestic demand (consumption and investment) fuelled by bank credit.
Against this backdrop, we maintain our scenario of a strengthening cyclical recovery, with
euro area GDP growing at around 1.8 % this year and next, above potential, on the back of rising domestic demand (household consumption and investment) fuelled by bank credit.
-LRB-...) For all the talk about «Euroboom», about one quarter of
euro area GDP growth in 2017 was driven by net trade.
For all the talk about «Euroboom», about one quarter of
euro area GDP growth in 2017 was driven by net trade.
Although we have left our forecasts for
euro area GDP unchanged — 1.8 % growth expected in 2016, well above trend — downside risks have intensified in recent weeks.
The balance sheet could thus increase by around $ 1 trillion - equivalent to 50 % of its current size or around 10 % of
euro area GDP (as of mid-2014).
Not exact matches
That agreement also upheld earlier limits to
euro area budget deficits (3 percent of
GDP) and public debt (60 percent of
GDP).
And the consumer was a bright spot: household final consumption expenditure had a positive contribution to
GDP growth in the
euro area and the EU28.
It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling trade imbalances in especially depressed segments of the world economy - the
euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose trade surpluses range from 2 percent to nearly 9 percent of gross domestic product (
GDP).
In the fourth quarter of 2017, gross domestic product (
GDP) had grown by 0.7 percent in the
euro area and by 0.6 percent in the wider EU28.
In the
EURO area, the «acceptable» deficit target is 3 % of
GDP and the «acceptable» debt to
GDP target is 60 % of
GDP.
Real gross domestic product (
GDP) in the
euro area points to broad - based growth, with the ECB projecting real annual
GDP to rise by 2.2 percent in 2017, then 1.8 and 1.7 percent in 2018 and 2019 correspondingly.
Conditions in the
euro area remain disappointing, though they are probably consistent with modest growth in
GDP in the first quarter of 2004, about the same as in the two previous quarters.
The
euro area's year - on - year pace of
GDP growth was 2.5 percent in the first quarter, marking the first slowdown in eight quarters.
However, world
GDP growth is expected to become more synchronised in 2006 as activity increases in both the
euro area and Japan.
After declining slightly over the previous three quarters,
euro -
area GDP rose by 0.4 per cent in the September quarter, to be 0.3 per cent higher over the year (Table 4).
Turin is an exemplary case, where investments in the cultural sector over recent years have led to a return quantified as 1.7 billion
euro, equal to more than 4 % of this
area's
GDP (source: national conference of councillors for culture).