european commission economic forecast 2021

Fri Oct 23 2020

Under the winter forecast released in February, the European Commission estimated an economic decline of 5% for Romania's economy in 2020, compared to 6.3% in … The euro area and EU economies are expected to reach their pre-crisis levels of output earlier than anticipated in the Autumn 2020 Economic Forecast , largely because of the stronger than expected growth momentum projected in the second half of 2021 and in 2022. The European Commission takes risks into account and therefore updates its economic forecast every three months. Estonia's economy will grow by 2.6 percent in 2021, the European Commission has forecast. The figures represent a climb-down from 6.2 percent predicted for 2021 last summer, and also depends on a gradual reduction in coronavirus restrictions. More stories on News The European Commission also forecast today that economic growth in the euro zone would be 3.8% this year and the same in 2022, rallying from a 6.8% drop in 2020. FILE PHOTO: European Commissioner for Economy Paolo Gentiloni speaks during a news conference following the Eurozone finance ministers video meeting in Brussels, Belgium March 15, 2021… In November, it had forecast a 4.2% GDP (gross domestic product) rate for 2021. EU Cuts 2021 Economic Outlook as Virus Spreads The European Commission has cut its outlook for the rebound from the pandemic shutdowns. Image Source: European Commission, February 11, 2021 The European Commission has revised its outlook for a recovery in the euro area and predicts that this year’s growth rate will decline as the second wave of the COVID-19 pandemic again causes a blockade. Economic activity in the wider 27-nation European … Author (Corporate) European Commission: DG Economic and Financial Affairs: Publisher : Publications Office of the European Union: Series Title : European Economy: Institutional Papers inside that Winter interim economic forecast The Brussels-based agency, announced Thursday, also revised … Going forward, the European Commission expects 2022 GDP in … The forecast projects that the EU economy will grow by 3.7% in 2021 and 3.9% in 2022. The forecasts … The European Commission announced their cautiously optimistic interim economic forecasts on Thursday, predicting a return to pre-pandemic levels by 2022.. The current situation is described in the official report for February 2021 on the European Commission website. By Associated Press , … The previous forecast issued in November 2020 called for 4.2% gross domestic product (GDP) growth for 2021 and 3.0% in 2022.

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