|Author (Corporate)||European Commission: DG Economic and Financial Affairs|
|Publisher||Publications Office of the European Union|
|Series Title||European Economy: Institutional Papers|
|Series Details||Number 149|
|Publication Date||May 2021|
|Content Type||Report, Statistics|
The European Commission published on 12 May 2020 its Spring economic forecast for the European Union (EU) and the Eurozone.
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.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation|
|International Organisations||European Union [EU]|