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ECB staff macroeconomic projections for the euro area, March 2021

ECB staff macroeconomic projections for the euro area, March 2021
Overview
The recent intensification of the coronavirus (COVID-19) pandemic has weakened the near-term outlook for euro area activity but not derailed the recovery. Despite extended and more stringent containment measures, activity in the fourth quarter of 2020 declined by significantly less than expected in the December 2020 Eurosystem staff projections due to learning effects, strong manufacturing growth and a rebound in foreign demand. Although the new lockdowns have been accompanied by additional fiscal support measures, another decline in activity is projected for the first quarter of 2021. The near-term outlook for activity depends on the evolution of the pandemic and, in particular, on how fast and how much rising vaccination rates will allow an unwinding of containment measures. Containment measures are now assumed to be more stringent in the first half of 2021 than in the December 2020 projections, b ....

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[WATCH] Government committed to help struggling businesses, Silvio Schembri says

[WATCH] Government committed to help struggling businesses, Silvio Schembri says
Economy Minister says government is committed to continue help struggling businesses
16 February 2021, 1:37pm
by Karl Azzopardi
Silvio Schembri has acknowledged that economic recovery may not be uniform across all sectors but insisted government will continue to help struggling businesses.
The Economy Minister was reacting to the contrasting results between the European Commission s Winter Forecast, which painted a positive picture for 2021, and a recent survey by the Chamber of SMEs that prospected a gloomier outlook.
“The expected rollout of vaccinations in 2021 and a gradual easing of restrictions in the EU should set the tourism sector back on the path to recovery and re-invigorate domestic demand. In 2021, real GDP growth is expected to reach 4.5%,” the Commission said. ....

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MIA and HSBC drag MSE Equity Price Index lower

The MSE Equity Price Index trended lower for the second consecutive session on Thursday, with a marginal decline of 0.03% to 3,990.067 points as MIA, HSBC and H ....

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Malta's economy set to grow by 4.5% this year, EU forecast shows

Malta’s economy is set to experience the fourth largest growth in the EU, according to the European Commission’s Winter Forecast ....

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Irish economy set to grow by 3.4% in 2021

Ireland's overall GDP growth is projected to come in at 3.4% in 2021 and is set to reach 3.5% in 2022 on the back of strong private consumption, exports and a recovery in investment. ....

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