01815cas a2200241 a 4500 AALejournalIMF017835 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484312346 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Euro Area Policies : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Member Countries. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2017 Article IV Consultation highlights that the cyclical recovery in the euro area is firming and becoming broad based. Lower energy prices, supportive policies, stronger labor markets and a recovery in credit growth have boosted domestic demand, especially private consumption. The near-term outlook is favorable, with growth of 1.9 percent expected in 2017 and 1.7 percent in 2018. Although headline inflation picked up in the first half of 2017 owing to higher energy prices, core inflation has remained persistently low. The improving near-term outlook is clouded by significant downside risks, especially in the medium and long term, amid thin policy buffers. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/235 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/235/002.2017.issue-235-en.xml IMF e-Library