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January 2019

January 2019
  • Economic conditions are generally seen as positive across the EU by IFIs, although the business cycle is thought to have peaked already.
  • Many EU budgetary watchdogs are critical of the lack of counter-cyclicality in the fiscal stance of their countries.
  • Nevertheless, most countries are evaluated to be compliant with numerical rules and targets. This is not the case in Italy and France in particular.
  • Several IFIs have repeatedly highlighted the lack of effective medium-term budgetary frameworks.
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Read In focus Endorsement of Macroeconomic Forecasts by EU IFIs

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