European Economic Forecast. Spring 2021

Author (Corporate)
Series Title
Series Details Number 149
Publication Date May 2021
ISBN 978-92-76-29720-8
ISSN 2443-8014
EC KC-BC-21-006-EN-N
Content Type ,


The European Commission published on 12 May 2020 its Spring economic forecast for the European Union (EU) and the Eurozone.

Further information:

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 previous economic forecast.

Growth rates will continue to vary across the European Union, but all Member States should see their economies return to pre-crisis levels by the end of 2022.

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Associated Press, 12/05/2021: EU economy to expand, bouncing back from pandemic crisis
EUObserver, 12/05/2021: Vaccine drives spur better-than-expected EU economic recovery
Euronews, 12/05/2021: EU economy set to grow faster than expected thanks to vaccination
RTÉ News, 12/05/2021: Irish economy expected to rebound in second half of year, EU forecast
Times of Malta, 12/05/2021: EU sharply raises economic projections for Malta, eurozone
The Guardian, 12/05/2021: EU economy forecast to rebound faster thanks to Covid vaccine

European Commission: Spring 2021 Economic Forecast: Rolling up sleeves
European Commission: Press Release, 12/05/2021: Spring 2021 Economic Forecast: Rolling up sleeves
European Commission: Remarks by Commissioner Gentiloni at the press conference on the Spring 2021 Economic Forecast (12 May 2021)

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