EURO AREA ECONOMIC OUTLOOK
Major Euro area countries have seen their 2021 GDP forecasts repeatedly trimmed since the beginning of the year, due to a slow vaccination rate, a further tightening of containment measures and the “stop-start” distribution of the AstraZeneca vaccine.
That said, GDP is set to rebound later this year amid the gradual lifting of restrictions. Supportive fiscal and monetary policies, unleashed pent-up demand and the disbursement of recovery funds will rekindle domestic spending, while the reopening of the global economy will boost exports. A slow vaccine rollout crippling the tourist season, rising public debts and banks’ bad loans cloud the outlook, however.
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FocusEconomics is a leading provider of economic consensus forecasts for 131 countries and 34 commodities. Since 1999, we have been supporting the world's leading companies and institutions with timely and reliable economic intelligence.
"[FocusEconomics] provides us with granular and comprehensive data...helping us understand the macroeconomic scenario and enhancing our decision-making and planning processes"
"The wealth of information in every issue satisfies a wide range of data requirements across the company, thus simplifying sourcing."
"The consensus approach really helps to understand the spectrum of the forecasts, and we can see the changes earlier this way"
"Your publication has cut down my reading load by presenting only the essential information in an easily digestible format"
"One of the factors that we consider very valuable is the easy-to-use and structured detailed information, providing agility to our internal processes."
"[FocusEconomics] provides me with essential and reliable data required to develop my economic analysis and keep abreast of current developments in the region."
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FocusEconomics is a leading provider of economic consensus forecasts for 131 countries and 34 commodities. Since 1999, we have been supporting the world's leading companies and institutions with timely and reliable economic intelligence.
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"[FocusEconomics] provides us with granular and comprehensive data...helping us understand the macroeconomic scenario and enhancing our decision-making and planning processes"
"The wealth of information in every issue satisfies a wide range of data requirements across the company, thus simplifying sourcing."
"The consensus approach really helps to understand the spectrum of the forecasts, and we can see the changes earlier this way"
"Your publication has cut down my reading load by presenting only the essential information in an easily digestible format"
"One of the factors that we consider very valuable is the easy-to-use and structured detailed information, providing agility to our internal processes."
"[FocusEconomics] provides me with essential and reliable data required to develop my economic analysis and keep abreast of current developments in the region."
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