Autumn 2017 Economic Forecast: European growth has now accelerated   


The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%.

This is substantially higher than expected in spring (1.7%).

According to its Autumn Forecast, the European Commission expects growth to continue in both the euro area and in the EU at 2.1% in 2018 and at 1.9% in 2019 (Spring Forecast: 2018: 1.8% in the euro area, 1.9% in the EU).

Although the cyclical recovery has now been underway for 18 uninterrupted quarters, it remains incomplete, with for instance still significant slack in the labour market and untypically low wage growth. GDP growth and inflation are therefore still dependent on policy support.


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Members' Projects

Noordwijk - safeguarding the Dutch coastline
A rise in the sea level is expected as a result of climate change. The Netherlands' first and most important lines of defence against the North Sea are the sea dikes and the sand dunes. Recent assessments of the strength of these lines of defence have shown that the coastline has a couple of weak links needing immediate strengthening. One of these is the coastal dune at the popular seaside town of Noordwijk. Grontmij is providing services in relation to the strengthening of this.