EU - Autumn 2013 Economic Forecast

by Eduardo Petazze
In 2015, GDP of Euro Area (EA-18) is expected to grow by 1.7%, from +1.1% in 2014 and -0.4% in 2013
For EU-28 GDP is expected to grow by 0.0% in 2013, +1.4% in 2014 and +1.9% in 2015

Autumn 2013 European Economic Forecast

Press release
Overview
Full document
Country Forecasts
EU Member States
Belgium
Lithuania
Bulgaria
Luxembourg
The Czech Republic
Hungary
Denmark
Malta
Germany
The Netherlands
Estonia
Austria
Ireland
Poland
Greece
Portugal
Spain
Romania
France
Slovenia
Croatia
Slovakia
Italy
Finland
Cyprus
Sweden
Latvia
The United Kingdom
GDP at 2005 mkt prices
Unit
2010
2011
European Union (28 countries)
Mrd EUR 11,608.94 11,800.52
Bulgaria
Mrd BGN
51.97
52.92
Czech Republic
Mrd CZK
3,557.22 3,621.91
Denmark
Mrd DKK
1,543.00 1,560.04
Croatia
Mrd HRK
272.90
272.78
Latvia (*)
Mrd LVL
12.35
13.00
Lithuania
Mrd LTL
76.30
80.92
Hungary
Mrd HUF 21,768.82 22,110.77
Poland
Mrd PLN
1,237.86 1,293.82
Romania
Mrd RON
328.54
335.63
Sweden
Mrd SEK
3,001.38 3,089.39
United Kingdom
Mrd GBP
1,298.02 1,312.52
Euro area (17 countries)
Mrd EUR
8,471.27 8,605.39
Belgium
Mrd EURO
321.91
327.60
Germany
Mrd EURO 2,375.66 2,454.85
Estonia
Mrd EURO
11.18
12.24
Ireland
Mrd EURO
163.48
167.03
Greece
Mrd EURO
193.76
180.00
Spain
Mrd EURO
948.24
948.72
France
Mrd EURO 1,772.65 1,808.58
Italy
Mrd EURO 1,418.38 1,425.14
Cyprus
Mrd EURO
15.11
15.17
Luxembourg
Mrd EURO
32.72
33.35
Malta
Mrd EURO
5.54
5.62
Netherlands
Mrd EURO
549.26
554.45
Austria
Mrd EURO
261.78
269.20
Portugal
Mrd EURO
158.54
156.56
Slovenia
Mrd EURO
31.34
31.56
Slovakia
Mrd EURO
61.98
63.83
Finland
Mrd EURO
164.16
168.64
GDP at 2005 mkt prices
Y/Y
2010
2011
European Union (28 countries)
2.01%
1.65%
Bulgaria
0.39%
1.84%
Czech Republic
2.47%
1.82%
Denmark
1.58%
1.10%
Croatia
-2.27%
-0.05%
Latvia (*)
-1.31%
5.31%
Lithuania
1.60%
6.05%
Hungary
1.05%
1.57%
Poland
3.87%
4.52%
Romania
-1.15%
2.16%
Sweden
6.56%
2.93%
United Kingdom
1.66%
1.12%
Euro area (17 countries)
1.96%
1.58%
Belgium
2.32%
1.77%
Germany
4.01%
3.33%
Estonia
2.56%
9.56%
Ireland
-1.06%
2.17%
Greece
-4.94%
-7.10%
Spain
-0.20%
0.05%
France
1.72%
2.03%
Italy
1.72%
0.48%
Cyprus
1.31%
0.44%
Luxembourg
3.10%
1.90%
Malta
4.04%
1.57%
Netherlands
1.53%
0.94%
Austria
1.77%
2.83%
Portugal
1.94%
-1.25%
Slovenia
1.26%
0.71%
Slovakia
4.43%
2.98%
Finland
3.36%
2.73%
(*) Latvia joins the euro on January 1, 2014

Candidate Countries
FYRoM
Iceland
Montenegro
Serbia
Turkey

Other Non-EU Countries

China
EFTA
Japan
Russia
USA
2012
11,751.76
53.33
3,584.92
1,554.17
267.39
13.65
83.88
21,742.74
1,318.91
337.94
3,118.86
1,314.16
8,547.00
327.16
2,471.75
12.73
167.29
168.51
933.15
1,808.83
1,389.04
14.81
33.29
5.67
547.54
271.54
151.51
30.76
64.98
167.25
2012
-0.41%
0.78%
-1.02%
-0.38%
-1.98%
5.03%
3.66%
-1.66%
1.94%
0.69%
0.95%
0.12%
-0.68%
-0.14%
0.69%
3.94%
0.16%
-6.38%
-1.64%
0.01%
-2.53%
-2.41%
-0.18%
0.78%
-1.25%
0.87%
-3.23%
-2.54%
1.80%
-0.83%

2013
11,750.40
53.59
3,547.78
1,558.08
265.63
14.20
86.77
21,903.37
1,335.81
345.29
3,154.12
1,331.82
8,509.63
327.62
2,483.24
12.89
167.80
161.77
920.95
1,812.80
1,363.63
13.51
33.91
5.77
542.17
272.66
148.84
29.94
65.55
166.17
2013
-0.01%
0.48%
-1.04%
0.25%
-0.66%
3.96%
3.45%
0.74%
1.28%
2.17%
1.13%
1.34%
-0.44%
0.14%
0.46%
1.28%
0.30%
-4.00%
-1.31%
0.22%
-1.83%
-8.75%
1.88%
1.80%
-0.98%
0.41%
-1.76%
-2.67%
0.89%
-0.64%

2014
11,912.08
54.37
3,610.03
1,584.03
266.92
14.77
89.90
22,300.24
1,369.69
352.51
3,242.11
1,361.73
8,599.51
331.36
2,525.52
13.27
170.66
162.74
925.88
1,829.30
1,373.32
12.98
34.52
5.88
543.51
277.07
150.00
29.63
66.93
167.13
2014
1.38%
1.45%
1.75%
1.67%
0.48%
4.08%
3.60%
1.81%
2.54%
2.09%
2.79%
2.25%
1.06%
1.14%
1.70%
2.99%
1.70%
0.60%
0.53%
0.91%
0.71%
-3.94%
1.80%
1.88%
0.25%
1.62%
0.78%
-1.01%
2.10%
0.58%

2015
12,139.46
55.37
3,689.36
1,613.19
270.02
15.39
93.44
22,762.62
1,409.01
360.92
3,356.58
1,393.78
8,744.64
335.99
2,574.56
13.79
174.93
167.46
941.27
1,860.82
1,389.96
13.12
34.91
6.00
549.92
282.13
152.19
29.85
68.90
169.75
2015
1.91%
1.83%
2.20%
1.84%
1.16%
4.19%
3.94%
2.07%
2.87%
2.38%
3.53%
2.35%
1.69%
1.40%
1.94%
3.85%
2.50%
2.90%
1.66%
1.72%
1.21%
1.08%
1.12%
2.04%
1.18%
1.83%
1.46%
0.74%
2.94%
1.56%

Spring 2013 European Economic Forecast

Press release
Overview
Full document
Spring 2013European Economic Forecast
GDP at 2005 mkt prices
Unit
2010
2011
2012
European Union (28 countries)
Mrd EURO 11,616.17 11,795.88 11,754.46
Bulgaria
Mrd BGN
51.97
52.92
53.33
Czech Republic
Mrd CZK
3,558.02
3,625.16
3,578.80
Denmark
Mrd DKK
1,543.00
1,560.04
1,552.72
Croatia
Mrd HRK
272.90
272.78
267.39
Latvia (*)
Mrd LVL
8.64
9.12
9.63
Lithuania
Mrd LTL
76.25
80.72
83.64
Hungary
Mrd HUF
21,825.45 22,184.68 21,800.83
Poland
Mrd PLN
1,237.86
1,293.82
1,317.95
Romania
Mrd RON
328.54
335.63
337.94
Sweden
Mrd SEK
3,001.38
3,112.63
3,138.99
United Kingdom
Mrd GBP
1,299.74
1,312.64
1,316.22
Euro area (17 countries)
Mrd EURO
8,478.79
8,600.51
8,548.26
Belgium
322.30
328.05
327.39
Germany
2,379.44
2,451.51
2,467.75
Estonia
11.26
12.19
12.59
Ireland
166.42
168.80
170.39
Greece
193.76
180.00
168.51
Spain
947.98
951.94
938.43
France
1,771.56
1,801.64
1,800.74
Italy
1,418.38
1,423.67
1,389.95
Cyprus
15.11
15.19
14.82
Luxembourg
33.18
33.73
33.83
Malta
5.49
5.58
5.62
Netherlands
549.81
555.27
549.96
Austria
262.61
269.69
271.83
Portugal
158.54
156.08
151.14
Slovenia
31.37
31.55
30.82
Slovakia
61.95
63.95
65.25
Finland
164.10
168.66
168.31
GDP at 2005 mkt prices
Y/Y
2010
2011
2012
European Union (28 countries)
2.06%
1.55%
-0.35%
Bulgaria
0.39%
1.84%
0.78%
Czech Republic
2.49%
1.89%
-1.28%
Denmark
1.58%
1.10%
-0.47%
Croatia
-2.27%
-0.05%
-1.98%
Latvia (*)
-0.94%
5.48%
5.58%
Lithuania
1.52%
5.87%
3.62%
Hungary
1.32%
1.65%
-1.73%
Poland
3.87%
4.52%
1.86%
Romania
-1.15%
2.16%
0.69%
Sweden
6.56%
3.71%
0.85%
United Kingdom
1.80%
0.99%
0.27%
Euro area (17 countries)
1.99%
1.44%
-0.61%
Belgium
2.42%
1.78%
-0.20%
Germany
4.16%
3.03%
0.66%
Estonia
3.33%
8.28%
3.22%
Ireland
-0.77%
1.43%
0.94%
Greece
-4.94%
-7.10%
-6.38%
Spain
-0.32%
0.42%
-1.42%
France
1.66%
1.70%
-0.05%
Italy
1.72%
0.37%
-2.37%
Cyprus
1.31%
0.53%
-2.43%
Luxembourg
2.91%
1.66%
0.31%
Malta
2.88%
1.68%
0.82%
Netherlands
1.63%
0.99%
-0.96%
Austria
2.05%
2.70%
0.79%
Portugal
1.94%
-1.55%
-3.17%
Slovenia
1.24%
0.60%
-2.34%
Slovakia
4.38%
3.23%
2.03%
Finland
3.32%
2.78%
-0.21%
(*) Latvia joins the euro on January 1, 2014

2013
11,740.64
53.81
3,563.12
1,564.09
264.61
10.00
86.23
21,850.54
1,332.63
343.36
3,186.51
1,323.54
8,510.92
327.53
2,477.12
12.97
172.21
161.43
924.60
1,799.01
1,371.31
13.53
34.11
5.70
545.61
273.42
147.59
30.21
65.88
168.79
2013
-0.12%
0.89%
-0.44%
0.73%
-1.04%
3.85%
3.10%
0.23%
1.11%
1.60%
1.51%
0.56%
-0.44%
0.04%
0.38%
3.04%
1.07%
-4.20%
-1.47%
-0.10%
-1.34%
-8.68%
0.83%
1.40%
-0.79%
0.58%
-2.34%
-1.96%
0.97%
0.29%

2014
11,906.38
54.70
3,621.55
1,590.64
265.23
10.41
89.30
22,154.72
1,362.01
350.97
3,264.86
1,346.17
8,616.54
331.43
2,522.25
13.49
175.96
162.45
933.25
1,818.71
1,381.15
13.00
34.66
5.80
550.50
278.21
148.42
30.19
67.75
170.49
2014
1.41%
1.67%
1.64%
1.70%
0.23%
4.14%
3.56%
1.39%
2.20%
2.21%
2.46%
1.71%
1.24%
1.19%
1.82%
4.01%
2.18%
0.63%
0.94%
1.10%
0.72%
-3.91%
1.59%
1.78%
0.90%
1.75%
0.56%
-0.07%
2.84%
1.00%