The economy in the EU will grow by 4.2% in 2021 and 4.4% in 2022
The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022. The euro area economy is forecast to grow by 4.3% this year and 4.4% next year. This represents a significant upgrade of the growth outlook compared to the Winter 2021 Economic Forecast which the Commission presented in February. 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.
Economic growth resumes as vaccination rates increase and containment measures ease
The coronavirus pandemic represents a shock of historic proportions for Europe’s economies. The EU economy contracted by 6.1% and the euro area economy by 6.6% in 2020. Although in general, businesses and consumers have adapted to cope better with containment measures, some sectors – such as tourism and in-person services – continue to suffer.
Prognoza meteo 14 mai Vreme ploioasă şi răcoroasă în mare parte din ţară
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Spring 2021 Economic Forecast: Rolling up sleeves
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