EUROPEAN ECONOMY. Supplement A — No 6 — June 1985

Directorate-General For Economic And Financial Affairs

Description

ISSN 0379-2056 I I 'ü COMMISSION OF THE EUROPEAN COMMUNITIES · DIRECTORATE GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS Supplement A — No 6 — June 1985 In this number: Recent economic trends Economic forecasts for 1985 and 1986' The principal features of the Commission's new economic forecast are, for the Community as a whole, as follows : — Economic activity in the European Community should continue to expand at a moderate rate in both 1985 and 1986. Growth of GDP (gross domestic product) in volume terms is forecast to increase by about 2,3 % in both 1985 and 1986, slightly faster than the 2,1 % recorded in 1984. — Inflation is expected to continue to decelerate markedly; the increase in the price deflator of private consumption is forecast to decline from 6,3 % in 1984 to 5,4 % this year, and to reach 4,4 % in 1986. — The expansion of employment should accelerate gently over the forecast period, but this will just be sufficient to halt the increase in the rate of unemployment (10,9 % in 1984; 11,2 % in 1985; 11,1 % in 1986). — The stimulus to output growth from exports is forecast to weaken somewhat as the growth of world trade falls back from the exceptional expansion of 1984, but should be offset by a gradual strengthening of private consumption. — The surplus on current transactions with the rest of the world is forecast to increase from 0,1 % of GDP last year to 0,4 % in 1985, and to reach 0,7 % in 1986.

Informations

• Publié par: DIRECTORATE-GENERAL-FOR-ECONOMIC-AND-FINANCIAL-AFFAIRS
• Nombre de lectures: 9
• Langue: English
• Poids de l'ouvrage: 1 Mo

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