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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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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.
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.
At a glance. Inflation outlook. Inflation is projected to increase in the fourth quarter of this year before returning to target by the end of 2025 as cost pressures ease and the impact of past monetary policy decisions gradually feeds through to consumer prices. More. Gross domestic product outlook.
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 ...
The euro area economy continues to recover. Growth is moderating, but activity is expected to pick up again strongly in the course of this year. The continued economic recovery is foreseen to be driven by robust domestic demand. The labour market is improving, with more people having jobs and fewer in job retention schemes.
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.
Jul 14, 2021 · The EU economy is about to rebound this year and next, as vaccination rollout progresses rapidly (ECDC 2021) and restrictions are increasingly lifted. The European Commission Summer 2021 Economic Forecast projects that the EU economy will expand by 4.8% in 2021 and by 4.5% in 2022, reaching its pre-pandemic level of output in the last quarter ...
