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- Data from the European Commission's Directorate-General for Economic and Financial Affairs shows promising results for the European economy. 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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What is the European Economic Forecast for 2021?
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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 ...
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.
Economic growth will likely remain weak in the near term but should be increasingly supported by rising household incomes, a resilient labour market, increasing confidence and stronger foreign demand, while financing conditions will be less of a constraint.
Dec 15, 2021 · The European Commission has raised its inflation forecast for the eurozone to 2.4 percent from 1.7 percent in 2021 and to 2.2 percent from 1.3 percent in 2022. It also warns that price pressures...
Dec 16, 2021 · The euro area budget balance is projected to improve steadily, particularly in 2022, while remaining below the pre-crisis level at the end of the projection horizon. The euro area budget deficit is estimated to have remained high in 2021, after having peaked in 2020.
Gross domestic product, volume (percentage change on preceding year, 2003-2023) Autumn 2021 Spring 2021 averages forecast forecast Malta Belgium Germany Estonia Ireland Greece Spain France Italy Cyprus Latvia Luxembourg Hungary Netherlands Austria Portugal Slovenia Slovakia Finland Euro area Bulgaria Czechia Denmark Croatia United States Poland ...
Nov 30, 2021 · 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.
