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The impact of shortages on manufacturing in the EU | VOX, CEPR Policy Portal

Shortages in material and equipment weighed heavily on activity and sentiment in the European economy in 2021. This column uses cross-country and cross-sector data from the European Commission’s Business and Consumer Surveys and finds a strong negative relationship between shortages and industrial output. Shortages appear to have detracted some 5 percentage points from the EU
C Santchez Carretero European Commission Consumer Survey Autumn Economic Forecast European Commission Global Crisis Autumn Economic Forecast
Source: voxeu.org

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