The European economy continued the trend of recovery in 2016，but the growth was feeble with a moderate rate，especially in the Eurozone. The EU showed different degrees of decrease in its foreign trade and outbound investment and its enthusiasm towards economic globalization was declining. Although the situation of the labor market improved slightly，the fiscal deficit and debt ratio still remained at a very high level. The inflation rate was indicative of an upward trend，despite the fact that it was still within the expectation of the European Central Bank（ECB）.On the side of the financial market，the EU’s stock market was relatively prosperous，while the currency was under depreciation pressures and the interest rate remained low. It is expected that the ECB will maintain the quantitative easing policy in 2017. As a result，the EU’s inflation rate will rise further and the market’s vitality be stimulated to some extent. Nevertheless，the problem of high debt ratio will still remain unsolved. Against the background of a series of uncertainties such as the growing anti-globalization tide，the general elections in several European countries and the crisis in the banking sector，the economic growth of the EU will face an atmosphere of confusion and panic in 2017.