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In April 2012, Olli Rehn, the European commissioner for economic and monetary affairs in Brussels, "enthusiastically announced to EU parliamentarians in mid-April that 'there was a breakthrough before Easter'. He said the European heads of state had given the green light to pilot projects worth billions, such as building highways in Greece."
At the time, the European Commission released a forecast of a 1.8% decline in EU economic output for 2009, making the outlook for the banks even worse. [19] [20] The many public funded bank recapitalizations were one reason behind the sharply deteriorated debt-to-GDP ratios experienced by several European governments in the wake of the Great ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
The European Commission suggests - in a late forecast compared to those of many other economists - that the eurozone economy will shrink in 2013, and the EU economy will tick up by only the slightest.
The European Commission published its autumn economic forecast. Most of the predictions reflected unsupported optimism, which calls into question how the European Union views its own prospects in ...
Coca-Cola Enterprises (CCE) upped its profit forecast for 2010 on strong European demand. The company now expects profit of $1.78 to $1.82 a share, MarketWatch reported. The Atlanta-based company ...
Public debt $ and %GDP (2010) for selected European countries Government debt of Eurozone, Germany and crisis countries compared to Eurozone GDP. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s that made it difficult or ...
The entire economy of the European Union declined by 0.1 percent in the second quarter of 2008. [50] A European Commission forecast predicted Germany, Spain and the UK would all enter a recession by the end of the year while France and Italy would have flat growth in the third quarter following second quarter contractions. [51]