European Economic Forecast. Summer 2021

Author (Corporate)
Series Title
Series Details Number 156
Publication Date July 2021
ISBN 978-92-76-29727-7
ISSN 2443-8014
EC KC-BC-21-013-EN-N
Content Type , ,


The European Commission published on 7 July 2021 its Summer economic forecast for the European Union (EU) and the Eurozone.

Further information:

The Summer 2021 Economic Forecast projects that the economy will rebound faster than previously expected. This is due to the activity in the first quarter of the year exceeding expectations and the improved health situation, which prompted a swifter easing of pandemic control restrictions in the second quarter.

According to the forecast, the economy in the EU and the Euro area is set to expand by 4.8% this year and 4.5% in 2022. Real GDP is projected to return to its pre‑crisis level in the last quarter of 2021 in both the EU and the euro area. For the euro area, this is one quarter earlier than expected in the previous economic forecast.

Source Link
Alternative sources
Related Links
Commentary and Analysis
ETUC: Press Release, 07/07/2021: EU recovery shows need to reform budget rules
CEPR: VoxEU, 08/07/2021: Beyond the pandemic: From life support to structural change

Bloomberg, 07/07/2021: Euro-Area Outlook Raised by EU With Warning on Inflation
Reuters, 07/07/2021: EU hikes recovery forecast as downside risks emerge
Cyprus Mail, 07/07/2021: EU Commission forecasts sharply higher Cyprus growth in 2021
Euronews, 07/07/2021: Vaccination and lifting of restrictions lead to faster-than-expected EU economic recovery
RTÉ News, 07/07/2021: European Commission raises Irish GDP growth forecasts
Associated Press, 07/07/2021: EU upbeat over economic growth, concerned about inflation
The Irish Times, 07/07/2021: Irish economy forecast to grow 7.2% as vaccine rollout gains pace
N1 Info, 07/07/2021: European Commission revises up Croatia’s 2021 GDP forecast to 5.4 pct
ECO News, 07/07/2021: EU maintains its forecast for Portugal’s economy, but revises Eurozone growth
The Slovenia Times, 07/07/2021: EU Commission upgrades Slovenia’s GDP growth forecast to 5.7%
Radio Prague International, 07/07/2021: Czech economy will grow by 3.9 percent in 2021, according to European Commission
Luxembourg Times, 07/07/2021: Euro-area outlook raised by EU with warning on inflation risks
TVN24, 07/07/2021: EU Commission ups GDP forecast for Poland in 2021
EurActiv, 08/07/2021: Amid Delta scare, EU forecasts higher growth in eurozone

European Commission: Summer 2021 Economic Forecast: Reopening fuels recovery
European Commission: Press Release, 07/07/2021: Summer 2021 Economic Forecast: Reopening fuels recovery
European Commission: Remarks by Commissioner Gentiloni at the press conference on the Summer 2021 Economic Forecast (7 July 2021)

Subject Categories
Subject Tags
International Organisations