The Euro area consists of 19 EU Member States: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain. As well as adopting the euro, these countries are closely aligned on economic and monetary policy-making. Nominal GDP for the Euro zone was €12,252bn in 2020, down from €11,318bn in 2020. The Euro zone population was estimated at 342.6m in 2021 according to the IMF, while the United States is the Euro zone’s biggest trading partner.
Variables Surveyed for the Euro zone
Variables covered in our monthly analysis of the Euro Zone include:
Consensus Forecasts for the Euro zone
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the ECB IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.
Source: Conensus Forecasts – G-7 and Western Europe, September 2022