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  2. Following a collapse by 2.9% in 2020, the global economy (excl. EU) is projected to recover by a strong 5.8% in 2021, amid a rebound in goods trade and the reopening of domestic services. Global real GDP growth is forecast to moderate to 4.5% and 3.7% in 2022 and 2023, respectively, as the cyclical recovery gradually peters out and supportive ...

  3. Nov 11, 2021 · The Autumn 2021 Economic Forecast projects that, despite mounting headwinds, the EU economy is projected to keep expanding over the forecast horizon. Most Member States are expected to reach the pre-pandemic volume of output by the end of 2021, while a few others will fully recover in 2022.

  4. Jul 7, 2021 · Overall, GDP is now forecast to grow by 4.8% in 2021 and 4.5% in 2022 in both the EU and the euro area. The volume of output is projected to return to its pre-crisis level (2019-Q4) in the last quarter of 2021, which is one quarter earlier than expected in the Spring Forecast for the euro area.

  5. The latest observations are for 15 December 2021 for the cost of market-based debt (monthly average of daily data), 10 December 2021 for the cost of equity (weekly data) and October 2021 for the cost of lending (monthly data).

  6. Global economic activity and trade. Global economic activity slowed in the first half of 2021 amid rising COVID-19 infections, uneven vaccination progress and the adoption of restrictive measures. Across advanced economies rising new infections led to a tightening of restrictive measures in early 2021.

  7. Economic activity rose by 0.2% in quarter-on-quarter terms in the third quarter (4.9% year on year), compared with 1.2% in the previous quarter. The slowing momentum is related to the COVID-19 outbreak, power shortages and the property sector slowdown.

  8. Jul 26, 2021 · In both the EU and euro area, GDP is expected to grow by 4.8 % in 2021 and 4.5 % in 2022. Some Member States may already see their economic output return to pre-pandemic levels by the end of the year, though the trend is Europe-wide.

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