The European Union economy grew 1.8 percent year-on-year in the third quarter of 2018, following a 2.1 percent expansion in the previous period, the final estimate showed. GDP Annual Growth Rate in European Union averaged 1.79 percent from 1996 until 2018, reaching an all time high of 4.50 percent in the second quarter of 2000 and a record low of -5.40 percent in the first quarter of 2009.
GDP Annual Growth Rate in European Union is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in European Union to stand at 2.20 in 12 months time. In the long-term, the European Union GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.