European Union Economic Forecasts

European Union
EUR, Euro

Economic Forecasts are published three times a year: in February, May and November. Economic forecasts of the European Commission are focused on the EU and the euro area. World's leading economies and EU candidate countries are discussed as well. The forecasts extend for a period of not less than 2 years and cover around 180 indicators.

Forecasts are published as a single document divided into logical parts: general summary; GDP forecast; current risks and their near-term outlook; evaluation of the current situation as a background for the development of expected scenarios; forecast by country; statistical documents, which were used for forecasting; and thematic boxes, which explain technical questions, etc.

Economic forecasts of the European Commission are published as a policy document, which reflects the current position of EU commissars on the economic development and the vectors for further development. They show financial and economic risks seen by the European Union leaders, as well as plans on how to minimize such risks.

Economic forecasts of the European Commission are usually monitored by analysts and economists, but they rarely contain unexpected conclusions, since such forecasts are based on data available in open sources. Forecasts rarely cause a serious volatility of the euro. However, they may have a much stronger impact on the eurozone's stock markets. Such as a worse forecast may have a negative effect on the quotes of eurozone's stock assets.