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Section III. Prospects for Europe

Published online by Cambridge University Press:  26 March 2020

Julian Morgan ,
Florence Hubert ,
Dawn Holland  and
Dirk te Velde
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Extract

Aggregate EU growth was estimated to have been 2.6 per cent last year, markedly higher than the 1.8 per cent recorded in 1996. Ireland remained the fastest growing EU economy with the most recent estimates putting growth at over 10 per cent last year. Finland also recorded rapid growth of nearly 6 per cent. A large group of countries, comprising the UK, Denmark, Greece, Spain, Luxembourg, the Netherlands and Portugal also enjoyed growth rates of 3 per cent or above. Italy and Sweden recorded growth rates below 2 per cent for the second year running.

Type
Articles
Information
National Institute Economic Review , Volume 164 , April 1998 , pp. 46 - 62
Copyright
Copyright © 1998 National Institute of Economic and Social Research

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References

Notes

(1) IMF Survey, Volume 27, Number 3. Our updated estimates of the impact of events in Asia are discussed in more detail in Barrell, R. and Pain, N. (1998), ‘Working under different rules: developments in East Asia and their implications for the UK and Europe’, NIESR mimeo.

(2) We refer to the text agreed in the second reading in the National Assembly.