EU forecast: The EU economy is recovering faster from the recession caused by the pandemic

European Commission expects strong economic growth from EU economy
Economic Policy Commissioner Paolo Gentiloni said about the forecast: growth resumed in the spring as vaccination campaigns against the coronavirus progressed and epidemiological restrictions lifted, and continued unabated in the summer.
The growth rate of the euro area economy will be the same as in the EU this year and next, but will slow to 2.4 percent in 2023. It depends on the evolution of the pandemic, as well as the pace at which supply is able to adapt to growing demand following reopening, he added. (MTI)
Related news
AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Brussels has initiated proceedings against Hungary over margin restrictions
The European Commission has launched two infringement proceedings against Hungary…
Read more >Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European…
Read more >Related news
New dietary advice bans cold meats and alcohol
Charcuterie, ultra-processed food, soft drinks, alcohol and added sugars are…
Read more >Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >