2016年第三季度以来，欧洲经济进入全面复苏期，尽管欧洲一些主要经济体的大选对欧洲经济发展带来一定的不确定性，但在报告期内，欧洲经济表现整体优于预期水平。宽松的货币政策和增长友好型财政政策发挥了一定的刺激作用；劳动力市场的改善促进了居民可支配收入的增长，使私人消费继续成为引领经济快速复苏的主要动力；全球需求的回暖使出口对经济增长发挥了较为显著的促进作用。在整体向好的情况下，欧洲经济复苏的前景仍面临一些不确定性：全球经济复苏仍不稳定、一些发展中国家和新兴经济体的经济呈现下行趋势、英国脱欧后欧盟与英国关系走向具有不确定性，以及贸易保护主义影响全球贸易的稳定等。2018年欧洲经济将继续处于稳步复苏状态。
Since the third quarter of 2016，the European economy has entered a steady and broad-based recovery process. Though the elections of some major European economies increase uncertainty in the European economy，the overall recovery is better than expected. The accommodative monetary policy and growth-friendly fiscal policy has played a positive role in promoting European robust recovery. The improvement of the labor market has promoted the growth of disposable income of household，and private consumption continues to be the main driving force for stable recovery. The rebound in global demand induces exports to play a more significant role in promoting economic growth. However，the stable recovery of European economy is facing some challenges：the slack global economic growth in some developing countries and emerging economics，financial market uncertainty after UK referendum and soring protectionism，etc. In 2018，the European economy will continue in the process of stable recovery.
