Euro monitor 2016 : waning reform momentum

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      <subfield code="a">Despite all the political uncertainties and challenges, in economic terms the eurozone is doing fairly well. In 2016 average growth in the eurozone was above potential for the second year running. The stable, albeit moderate, recovery is helping the eurozone to eradicate the scars wreaked by the euro crisis. After some eight years the bloc's gross domestic product has climbed back to its pre-crisis level. Unemployment and public-sector debt both fell appreciably last year and any lingering fears of deflation can now be shelved.</subfield>
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