|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 144|
|Publication Date||February 2021|
|Content Type||News, Report, Statistics|
The European Commission published on 11 February 2020 its Winter (interim) economic forecast for the European Union (EU) and the Eurozone.
Europe remains in the grip of the coronavirus pandemic. The resurgence in the number of cases, together with the appearance of new, more contagious strains of the coronavirus, have forced many Member States to reintroduce or tighten containment measures. At the same time, the start of vaccination programmes throughout the EU provides grounds for cautious optimism.
The Winter 2021 Economic Forecast projects the Euro Area economy to grow by 3.8% in both 2021 and 2022. The forecast projects that the EU economy is to grow by 3.7% in 2021 and 3.9% in 2022. The Eurozone and wider European Union economies are expected to reach their pre-crisis levels of output earlier than anticipated in the previous Economic Forecast, largely because of the stronger than expected growth momentum projected in the second half of 2021 and in 2022.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||Economic Governance | Situation|
|International Organisations||European Union [EU]|