Developments in the economies of the European Union

Article Abstract:

The EU economy overall continued to rebound briskly in 1997. The body reported a gross domestic product growth of 2.6% in 1997 and is expected to continue growing to 3% in 1998 and 3.1% in 1999. The 1997 figure is lower than the 3.6% growth in gross domestic product reported by the US in 1997 but EU gross domestic product is expected to surpass that of the US in 1998. The EU's economic growth rate also surpassed that of Japan.

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Developments in the economies of the European Union

Article Abstract:

Member economies of the European Union experienced a slow pace of economic growth during 1995. This slowdown may be attributed to local factors. Statistic reveal that there was a significant decline in the demand for construction and restocking activities was seen in 1995 as opposed to 1994. Moreover, economic growth faltered due to monetary problems, decline in consumer confidence and increase in long-term interest rates.

Economic development

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Developments in the economies of the European Union

Article Abstract:

Developments in the economies of the European federation as a whole are evaluated, including among them long term interest rates, currency movements, exports, unemployment levels, employment outlook. EU gross domestic product (GDP) grew only 1.6% overall in 1996, well below that of its main competitors, the US and Japan. The EU GDP is expected to increase to 2.3% in 1997 and 2.8% in 1998.

International Affairs, European Community, European federation

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