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Household Final Consumption in the EU: The key driver for a sustainable recovery?

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  • Bouyon, Sylvain

Abstract

This commentary finds that after four to five years of poor performance, final consumption of households is expected to recover significantly in 2015 and 2016. This is all the more important since final consumption of households was the main driver of economic growth during the 12 years preceding the financial crisis. Some obstacles still stand in the way, however, preventing a sustainable recovery in private consumption. This ECRI Commentary is one of two on the topic of household consumption in the EU, published simultaneously by the same author; ECRI Commentary No.19, entitled �What drives household consumption in the EU-28?� looks at the main factors that have influenced EU-28 household consumption since 2001.

Suggested Citation

  • Bouyon, Sylvain, 2015. "Household Final Consumption in the EU: The key driver for a sustainable recovery?," ECRI Papers 11147, Centre for European Policy Studies.
    • Handle: RePEc:eps:ecriwp:11147
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    File URL: https://www.ceps.eu/system/files/No%2018%20Household%20final%20consumption_0.pdf
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    Cited by:

    1. Iheonu O Chimere & Tochukwu Nwachukwu, 2020. "Macroeconomic determinants of household consumption in selected West African countries," Economics Bulletin, AccessEcon, vol. 40(2), pages 1596-1606.
    2. B. Venkatraja, 2018. "Dynamics of Aggregate Demand Factors in Macro Growth: An European Perspective," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-21.

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