The growth rates of the EU and the euro zone exceed expectations in 2017 and stand at 2.4%, the highest level in the last 10 years.
Growth should remain strong in 2018 and slightly slow in 2019, with rates of 2.3% and 2.0% respectively in both the EU and the euro area.
Private consumption is still strong and at the same time exports and investments have increased. Unemployment continues to decline and it is currently around the pre-crisis levels.
However, the economy is more exposed to external risk factors, which have become more incisive and more unfavourable.