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).