Euro area recovery poised to start, uncertainty looms After a difficult first quarter of 2021, confidence in the euro area economy rose at the end of March. Forecasters predicted that a recovery is likely in the following quarters but also cautioned uncertainty surrounding the pandemic and the vaccine roll-out. Euro area economic activity contracted less than expected in the fourth quarter last year, yet the uptick in momentum was met with headwinds in the first months of 2021 amid the ravaging pandemic, prolonged containment measures, and a sluggish vaccine roll-out. Last week, the German If...