The 83rd EUROCONSTRUCT Conference

9th June 2017, Amsterdam

PRESS RELEASE

« A GDP growth of 1.5% to 2% per annum in the period 2017-2019 is projected for the 19 Euroconstruct countries, almost unchanged from the previous projection in November 2016 (Barcelona). European economy is set to follow a moderate growth path, stimulated by still relatively low oil prices, the weaker euro exchange rate and the ECB’s stimulus policy (quantitative easing). In most countries domestic consumer demand is increasing, stimulated by declining unemployment. Investment has started to pick up, particularly since households and companies can still secure inexpensive financing, and foreign demand is developing favourably. However, the pace of recovery remains relatively moderate due to the sluggish implementation of reforms as well as long-standing weak growth trends. In general, the European economic growth potential is lower than it was before the crisis, due to the population ageing and declining productivity growth. »

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Publié le: 12-06-2017