Accommodative euro-area monetary conditions are supporting the moderate recovery. The 2017 budget will appropriately support growth, and a further fiscal easing is assumed in 2018. Nonetheless, lower interest payments will help keep the budget deficit stable. The government is making progress on structural reforms, including active labour market policies, the public administration and the school system.
GDP growth | |||
2015 Current prices EUR billion |
2016
|
2017 % real change |
2018
|
1 641.5 | 0.8 | 0.9 | 1.0 |
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©OECD Observer No 308 Q4 2016
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