Euro zone economy to rebound more strongly in 2021, 2022 – Commission By Reuters – Investing.com
- Date: 12-May-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Euro zone economy to rebound more strongly in 2021, 2022 – Commission By Reuters – Investing.com
By Jan Strupczewski
BRUSSELS (Reuters) - The euro zone will rebound from its COVID-19 slump more than expected, the European Commission said on Wednesday, but some countries won't reach pre-crisis levels before the end of 2022 -- an argument for continued suspension of EU borrowing limits.
The aggregate growth of the 19 countries sharing the euro currency should be 4.3% this year and 4.4% in 2022, the European Union's executive arm said, revising upwards its forecast from February of 3.8% growth in both years.
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