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- Despite the pandemic, the economy is forecast to recover faster than expected. In both the EU and euro area, GDP is expected to grow by 4.8 % in 2021 and 4.5 % in 2022.
data.europa.eu/en/news-events/news/european-economy-will-recover-faster-expected
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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.
After reaching 2.4% in 2021, inflation in the euro area is forecast to decline to 2.2% in 2022 and 1.4% in 2023, as energy prices are set to gradually level out as from the second half of next year and the imbalances between supply and demand solve.
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.
Overview. Economic activity. The global economy remains on a recovery path, although persisting supply bottlenecks, rising commodity prices and the emergence of the Omicron variant of the coronavirus (COVID-19) continue to weigh on the near-term growth prospects.
European Economic Forecast – Autumn 2021 . Contents 152 ... European Economic Forecast, Autumn 2021 154 Table 1: 25.10.2021 5-year 2003 - 07 2008 - 12 2013 - 17 ...
“Europe’s economy is finally back on track,” European Commission President Ursula von der Leyen told the Brussels Economic Forum. The Commission chief also welcomed the fact that all four keynote speakers at the 2021 Forum were women.
Nov 30, 2021 · Briefing 30-11-2021. Uncertainty is growing over the recovery of the European economy from the recession generated by the Covid-19 pandemic. The European Commission has painted an optimistic growth scenario in its most recent forecast, with the economy expected to expand by 5 per cent and 4.3 per cent in 2021 and 2022 respectively.
