Press Release: Winter Economic Forecast: outlook improved but risks remain

For the first time since 2007, the economies of all European Union Member States were expected to grow again in 2015, according to the European Commission's winter forecast issued in February 2015. Over the course of 2015, economic activity was expected to pick up moderately in the EU and in the euro area, before accelerating further in 2016. Growth in 2015 was forecasted to rise to 1.7% for the EU as a whole and to 1.3% for the euro area.

• Primary Source

ESO: Background information: Website: Macro-Economic Forecasts, 1998- http://www.europeansources.info/record/website-macro-economic-forecasts-1998/

ESO: Background information: 2014 Autumn Economic forecast: Slow recovery with very low inflation http://www.europeansources.info/record/press-release-2014-autumn-economic-forecast-slow-recovery-with-very-low-inflation/

Deutsche Welle, 05.02.15: EU forecasts higher growth amid brief deflation http://dw.de/p/1EVvY

The New York Times, 05.02.15: European Union Raises Its Forecast for Growth http://www.nytimes.com/2015/02/06/business/international/european-union-growth-forecast.html

EurActiv, 06.02.15: French deficit takes centre stage in EU's winter forecast http://www.euractiv.com/sections/euro-finance/french-deficit-takes-centre-stage-eus-winter-forecast-311880

EUObserver, 05.02.15: Eurozone to benefit from oil price fall https://euobserver.com/news/127514

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