Euro Growth Indicator shows accelerating growth for the euro area but risks are downside

The March Euro Growth Indicator suggests strong quarterly growth of euro area GDP at around 0.6 per cent in both the first and the second quarter of 2020. However, the Indicator, is based on February sentiment indicators that do not capture yet the negative economic effects induced by the spread of the coronavirus that are currently unfolding.


More information on this topic on our Euro Growth Indicator section.

The 17th EUROFRAME Conference on Economic Policy Issues in the European Union will be held on 5 June 2020 in London (United Kingdom).

The conference will deal with "Climate change: economic implications, tools and challenges for policy-makers in Europe".Submissions deadline has been extended to 9 March 2020.

The call for papers has been released and can be downloaded here (PDF).

The 2020 EUROFRAME Economic Assessment of the Euro Area report has been released.

This Euroframe Report presents an assessment of the economic outlook for 2020 and 2021 focused on the euro area based on a synopsis of the forecasts of Euroframe institutes. Overall, EUROFRAME institutes expect that growth in the euro area has bottomed, but is expected to accelerate only very gradually in the coming two years. On average, GDP is expected to rise by 1.1 per cent in 2020 and 1.3 per cent in 2021. As the slowdown in the euro area economy last year was driven by a fall of manufacturing production, a closer look at developments in manufacturing and the spill-overs to other sectors is provided in the focus section of the report.

The report can be downloaded here (PDF).

Euro area growth expected to rise to 0.5 per cent in the first quarter of 2020, but…

According to the Euro Growth Indicator, euro area GDP will grow by 0.5 per cent in the first quarter of 2020 following sluggish growth of only 0.1 per cent at the end of 2019 amid a tentative improvement in the industrial sector confidence. The surveys included in the calculation of the Indicator, however, do not reflect new uncertainties related to the outbreak of a novel coronavirus in China, suggesting that this estimate might prove optimistic.


More information on this topic on our Euro Growth Indicator section.