Eurozone growth forecast for 2021 will not be achieved if COVID restrictions are extended

Jens Weidmann, a member of the Governing Council of the European Central Bank (ECB) and President of the Bundesbank, said on Thursday that growth in the Eurozone in 2021 could not reach the ECB’s forecasts if restrictions are extended to slow the spread of coronavirus infections.

In its latest forecast, the ECB said that the eurozone economy was expected to grow by 4% in 2021. It indicated that financing costs for households and businesses may not yet fully reflect changes in yields of loans. bonds.

.

You may also like