European Economic Forecast. Winter 2021

Author (Corporate)
Publisher
Series Title
Series Details Number 144
Publication Date February 2021
ISBN 978-92-76-29715-4
ISSN 2443-8014
EC KC-BC-21-001-EN-N
Content Type , ,

Summary:

The European Commission published on 11 February 2020 its Winter (interim) economic forecast for the European Union (EU) and the Eurozone.

Further information:

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.

Source Link https://ec.europa.eu/info/publications/european-economic-forecast-winter-2021_en
Alternative sources
  • https://doi.org/10.2765/965464
Related Link(s)
News
The Sofia Globe, 11/02/2021: EU winter economic forecast raises Bulgaria 2021 growth estimate to 2.7% https://sofiaglobe.com/2021/02/11/eu-winter-economic-forecast-raises-bulgaria-2021-growth-estimate-to-2-7/
ERR News, 11/02/2021: European Commission forecasts Estonia 2021 economic growth at 2.6 percent https://news.err.ee/1608105673/european-commission-forecasts-estonia-2021-economic-growth-at-2-6-percent
Kathimerini, 11/02/2021: Greek economy shrank 10 pct in 2020, EU report shows https://www.ekathimerini.com/262269/article/ekathimerini/business/greek-economy-shrank-10-pct-in-2020-eu-report-shows
Euronews, 11/02/2021: Economic forecast: Some EU countries will recover in 2021, others must wait until 2022 https://www.euronews.com/2021/02/11/economic-forecast-some-eu-countries-will-recover-in-2021-others-must-wait-until-2022
The Irish Times, 11/02/2021: Ireland only EU economy to grow in 2020 https://www.irishtimes.com/business/economy/ireland-only-eu-economy-to-grow-in-2020-1.4482192
Reuters, 11/02/2021: Euro zone growth in 2021 to rebound less than expected https://www.reuters.com/article/idINKBN2AB10P
RTÉ News, 11/02/2021: Euro zone growth in 2021 to rebound less than expected https://www.rte.ie/news/business/2021/0211/1196458-euro-zone-economy/
The Guardian, 11/02/2021: Brexit cost will be four times greater for UK than EU, Brussels forecasts https://www.theguardian.com/politics/2021/feb/11/brexit-to-cost-four-times-worse-for-uk-than-eu-brussels-forecasts
Cyprus Mail, 12/02/2021: EU, Cyprus economies suffer a winter of discontent https://cyprus-mail.com/2021/02/12/cyprus-economy-slows-eu/
EUObserver, 12/02/2021: EU sees stronger recovery - if vaccine roll-out works https://euobserver.com/economic/150903
El País, 12/02/2021: Brussels raises Spain’s growth forecast but warns of wave of insolvencies https://english.elpais.com/economy_and_business/2021-02-12/brussels-raises-spains-growth-forecast-but-warns-of-wave-of-insolvencies.html

Official
European Commission: Economic Forecasts: Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/winter-2021-economic-forecast-challenging-winter-light-end-tunnel_en
European Commission: Press Release, 11/02/2021: Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel https://ec.europa.eu/commission/presscorner/detail/en/ip_21_504
European Commission: Remarks by Commissioner Gentiloni at the press conference on the Winter 2021 Economic Forecast (11 February 2021) https://ec.europa.eu/commission/presscorner/detail/en/speech_21_541

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