Since the second half of 2014，the European economy continued in the recovery process，but the economic growth rate is lower than expected. Low oil prices contributed to increasing household disposable income，loose monetary policy and balanced fiscal policy played a positive role in promoting European economic growth. However，the recovery of European economy is facing many challenges：the slowdown of global economic growth and trade growth，increasing geopolitical risk，financial market uncertainty，low inflation and unstable of the Greek economy. In 2016，the European economy will continue in the process of recovery.