The Hope of the Economic Recovery Across the EU27

Abstract

The paper deals with the analysis of the present global crisis’ impact on the EU Member States’ economies and answers to the question related to the possibility of economic recovery on short and medium terms. Different methods of statistical analysis and forecasting are used in order to quantify the economic recovery process using two scenarios. The main conclusion of the research is that the present crisis succeeded in increasing the economic disparities between the Member States’ economies. The statistical database used for the analysis is the latest official one.