Economic Assessment of the Euro Area, Winter 2015/2016

The Euro Area economy performance in 2015 was in line with expectations in our previous ‘Economic Assessment of the euro area’ from last January with output growth reaching 1.5 per cent. This increase in GDP was almost double the disappointing performance in 2014 and suggests that the Euro Area is finally beginning to emerge from the post 2010 downturn. Furthermore, this improved performance in 2015 was set against increases in world output of 2.9 per cent – 0.8 per cent less than what was envisaged this time last year.