EFTA Document EFTA01458964

8 December 2015 World Outlook 2016: Managing with less liquidity Summing up The net result of all these forces is that we see euro area GDP growth at 1.6% in 2016, the mildest of accelerations on 2015 and consistent with our earlier views. However, the composition of growth has changed compared to earlier views. Export growth is expected to be a little slower, with indirect impacts on investment and employment. Monetary and fiscal policy will try to fill the hole left by the discontinuat