Euro Area Policies : 2016 Aticle IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Euro Area

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 8, 2016

Electronic Access:

Free Full text (PDF file size is 1593 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2016 Article IV Consultation highlights that the recovery in euro area has strengthened recently. Lower oil prices, a broadly neutral fiscal stance, and accommodative monetary policy are supporting domestic demand. However, inflation and inflation expectations remain very low, below the European Central Bank’s medium-term price stability objective. Euro area GDP growth is expected to decelerate from 1.6 percent in 2016 to 1.4 percent in 2017, mainly owing to the negative impact of the U.K. referendum outcome. Growth five years ahead is expected to be about 1.5 percent, with headline inflation reaching only 1.7 percent.

Series:

Country Report No. 16/219

Subject:

English

Publication Date:

July 8, 2016

ISBN/ISSN:

9781498353298/1934-7685

Stock No:

1EUREA2016003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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