2016 in Figures - Euro Area

CEIC Gallery/World Trend Database/Hot Topics - 2016 Figures/Part 4 - January 14, 2016 In 2016 Euro Area’s nominal GDP will increase to USD 11.9 trillion after it has fallen to 9-year low of USD 11.6 trillion. √ Real GDP growth in 2016 is expected to reach 1.6%, while the growth in 2015 has been 1.5%. Despite the slight improvement in 2016 Euro Area’s economy is expected to remain below its potential level as the output gap is estimated to remain negative. Although labour market conditions in Euro Area will continue to improve, in 2016 the unemployment rate will remain above 10%. √ Inflation in 2016 will increase to 1% in 2016 after it has fallen to 0.2%, which was the lowest level since the start of monetary union. Note: The charts above show highlights of the latest International Monetary Fund's forecasts for 2016. Data series are obtained from CEIC's Global Economic Monitor, Regional and Country Forecast datasets. Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. Back to Blog
20th January 2016 2016 in Figures - Euro Area