After years of crisis, growth in the EU has picked up momentum, and is projected to remain solid, at 2.3% in 2018 and 2.1% in 2019. EU-wide unemployment, at 7.1%, is now below its pre-crisis low, although unemployment rates remain above pre-crisis levels in countries like Greece, Spain and Italy.
After years of crisis, the European economy has picked up momentum. EU-wide unemployment, at 7.1%, is below its pre-crisis level and we project economic growth to remain above 2% this year and next. The ongoing recovery is one reason why support for the Union has rebounded. Two thirds of Europeans polled by Eurobarometer in April believed that their country had benefitted from EU membership, the highest percentage in 35 years.
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Discussion session I Competition regulation and productivity Criscuolo
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Product market regulation reform: operational method and quantification
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Competition regulation and productivity: discussion
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Product market competition regulation and inclusive growth in Mexico
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The macro economics of superstars: Digitization, Market power and regulatory responses
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The consequences of competition and regulation in services Kozluk
Germany’s track record is remarkable. Growth has been solid for years, and is set to remain so – we project 2.1 % growth this year and next. As a strong exporter of capital goods, Germany is benefitting from the global recovery of trade and investment. At 3.4% unemployment is at a record low – allowing real wages to grow and sustaining consumption.
It is a pleasure to be back at the Press Club to present the OECD’s 2018 Economic Survey of the United States.