European Commission 17 December 2019, COMMISSION STAFF WORKING DOCUMENT Analysis of the Euro Area economy Accompanying the document Recommendation for a Council Recommendation on the economic policy of the Euro Area

EUROPEAN COMMISSION Strasbourg, 17.12.2019 SWD(2019) 631 final COMMISSION STAFF WORKING DOCUMENT Analysis of the Euro Area economy Accompanying the document Recommendation for a Council Recommendation on the economic policy of the Euro Area {COM(2019) 652 final} Executive summary The euro area is continuing its expansion, though growth is moderating and interconnected risks to the outlook have