European Commission increases its forecast on global GDP

European Commission increases its forecast on global GDP
# 12 May 2021 14:12 (UTC +04:00)

The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022., APA-Economics reports citing economic forecasts of the European Commission entitled "Spring 2021 Economic Forecast: Rolling up sleeves".

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 Winter 2021 Economic Forecast which the Commission presented in February. Growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022.

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THE OPERATION IS BEING PERFORMED