REO for Europe: Strengthening the Recovery

(CC) IMF

The IMF has just released the “Regional Economic Outlook (REO) for Europe: Strengthening the Recovery.” The report sees growth for all of Europe at 2.4 and 2.6 percent for 2011 and 2012, respectively, a slight improvement on last year’s 2.4 percent.

The IMF projects growth in advanced Europe to expand by 1.7 and 1.9 percent this year and next, compared with 1.7 percent in 2010. Growth in emerging Europe, meanwhile, is forecast to be stronger, at 4.3 percent in 2011 and 2012, with all countries posting growth for the first time since the 2008–09 crisis.

The main risk to the outlook for Europe arises from tensions in the euro area periphery, the report warns.

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