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  2. May 12, 2021 · The Spring 2021 Economic Forecast projects that growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022.

  3. 1. Overview - the autumn 2021 forecast 1 I.2.1. International environment 12 I.2.2. Composition of growth - EU 18 I.2.3. Composition of growth - euro area 20 I.2.4. Labour market outlook - euro area and EU 28 I.2.5. Inflation outlook - euro area and EU 32 I.2.6. General Government budgetary position - euro area and EU 36 I.4.1.

  4. 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.

  5. According to the Commission 2021 spring economic forecast, the EU economy would reach its pre-crisis level of quarterly output in the course of 2021, with economic activity rebounding in all Member States. 3 After a declining trend over the last years, the COVID-19

  6. European economy is set to resume this spring and gather momentum in the summer, as progress in vaccinations allows for a gradual unfreezing of economic activity. External demand is also set to support the recovery on the back of an improved outlook for the global economy. These positive forces should allow the EU economy – on

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  7. According to the Summer 2021 interim Economic Forecast, the economy in the EU and the euro area is set to expand by 4.8% this year and 4.5% in 2022. Compared to the previous forecast in the spring, the growth rate for 2021 is significantly higher in the EU (+0.6 pps.) and the euro area (+0.5 pps.), while for 2022 it is slightly higher in both ...

  8. European economic forecast. Spring 2021. There is a newer edition of this publication. Publication metadata. After the historic drop in activity recorded in the first part of 2020 and the rebound in the summer, the EU economy faced another setback in late 2020 as the resurgence of the pandemic prompted a new round of containment measures.

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