Introducing the European Economic Forecast for Spring 2021, Eric Manner, Chief Spokesman for the EU Commission, said that “after a long winter, spring #ECforecast shows positive news on growth prospects“.
Outstanding conclusions:
“The Eurozone GDP growth forecast in 2021 increased to 4.3% from the previous 3.8% “.
“The GDP growth forecast for the euro zone in 2022 it rose to 4.4% from the previous 3.8% “.
“The Eurozone inflation in 2021 is estimated at 1.7%“.
“The inflation of the euro zone in 2022 is estimated at 1.3%“.
“Economic output in the euro area will reach pre-virus levels in the fourth quarter, earlier than expected.”
“We see that all EU economies will return to pre-virus GDP by the end of 2022“.
“Upward revisions mainly due to national recovery plans. “
“Risks to the outlook remain high, although broadly balanced.”
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