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European Economic forecast 2021

Summer 2021 Economic Forecast: Reopening fuels recovery The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations and the improved health situation prompted a swifter easing of pandemic control restrictions in the second quarter All in all, the EU economy is forecast to grow by 4.2% in 2021 and to strengthen to around 4.4% in 2022 (4.3% and 4.4%, respectively, in the euro area) Description The Spring 2021 Economic Forecast projects that 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 The Spring 2021 Economic Forecast projects that growth rates will continue to vary across the EU, but all Member States should see their economies... Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel Europe remains in the grip of the coronavirus pandemic. Autumn 2020 Economic Forecast

Winter 2021 Economic Forecast: A challenging winter, but light at the end of the tunnel 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 What's more, its source will change: According to European Commission data, EU Next Gen grants, taken together with other EU funds, would add 1.8% of GDP in 2021 and 1.5% in 2022 to eurozone countries' fiscal stimulus (and for the EU-27, 2.0% and 1.7%, respectively) Published by D. Clark, Jun 4, 2021 The economy of the European Union is expected to grow by 4.2 percent in 2021 as the continent emerges from the Coronavirus (COVID-19) in 2020. Compared with the..

Annual inflation in 2021 will average 1.9 percent in the eurozone, the commission forecast, because of strong demand and shortages of some goods. For most of 2019 and 2020, inflation in the.. Morgan Stanley projects strong global GDP growth of 6.4% for 2021—led first by emerging markets, followed by reopening economies in the U.S. and Europe—in a macro outlook that diverges from the consensus. Rising COVID-19 case numbers in the U.S. and Europe make it difficult right now to envision a return to normal

Europe's economic outlook has been clouded by the Delta variant. In France, the government is trying to avoid another shutdown by introducing a so-called health pass to get into. Positive momentum continues to build in many respondents' home countries and in the world economy, according to our latest McKinsey Global Survey on economic conditions. 1. 1. The online survey was in the field from May 31 to June 4, 2021, and garnered responses from 1,010 participants representing the full range of regions, industries.

The Brussels-based institution now foresees a gross domestic product rate of 4.2% for the EU in 2021, and of 4.4% for next year. In February, it said GDP would be 3.7% this year and 3.9% in 2022... Regional Economic Outlook | April 2021 With new waves of COVID-19 infections hitting Europe, the recovery remains halting. However, vaccinations are progressing and thus Europe's GDP growth is projected to rebound by 4.5 percent in 2021. The main priority is to quickly ramp up the production and administration of vaccines European economy showed considerable resilience in the second half of the year, rebounding vigorously in the third quarter. Overall, GDP is now forecast to grow by 3.7% in 2021 and 3.9% in 2022 in the EU, and by 3.8% i Europe's economy is starting to follow the familiar script of lagging its international peers when recovering from a crisis. That was the upshot of the International Monetary Fund's forecasts on.. The executive arm of the EU had projected in May a 4.3% GDP rate for the euro area in 2021, followed by a 4.4% GDP rate in 2022. Now, the commission has updated its forecasts and is expecting a 4.

Summer 2021 Economic Forecast: Reopening fuels recovery

49.91. -0.57. -1.12%. Economic Outlook Europe Q3 2021: The Grand Reopening. in World Economy News 28/06/2021. The contours of the European economic recovery are changing, from one led by a rebound. A significant economic rebound is projected in 2021 reflecting the expected re-opening of the economy, strengthened policy support and the ongoing global recovery. Real GDP is projected to grow by 4.6% in 2021, by 4.7% in 2022 and by 2.1% in 2023. Mor

Spring 2021 Economic Forecast - European Commissio

  1. European Economic Outlook 2021. GDP growth will be solid in 2021 compared to longer term averages, but these bright figures shroud the underlying recovery from substantial lower levels of economic activity. Private consumption, government expenditure and improve
  2. The OECD Interim Economic Outlook provides analysis and GDP growth forecasts for all G20 countries and the world economy as a whole. Published in March and September, these Interim reports provide updates to the projections, analysis and policy recommendations contained in the main Economic Outlooks released in May/June and November/December
  3. The contours of the European economic recovery are changing, from one led by a rebound in industrial activity to a more services-based pickup. A lower incidence of COVID-19 and the broad rollout of vaccines across Europe is enabling governments to lift most restrictions to economic activity, paving the way for a strong restart this summer. Purchasing managers' surveys show the rotation in.
  4. Deloitte, Economic outlook & predictions of Europe's CFOs—European CFO Survey: Spring 2021, accessed April 26, 2021.View in Article; Acknowledgements. Cover image by: Tushar Barman . Topics in this article. Economics, Europe Middle East Africa (EMEA) Economics, Eurozone
  5. g months. As such, the continuation of an easy monetary policy by the European Central Bank appears to be warranted. Week of July 12, 2021 The global economy remains at risk from the virus
  6. 2. Latest economic forecasts 2.1. European Commission (Commission) On 7 July 2021, the Commission presented its . Summer 2021 Economic Forecast. After what turned out to be only a temporary and marginal contraction of GDP in the first quarter of the year, improving healt
  7. Nevertheless, growth is expected to return in 2021 according to GDP forecasts, with an average growth rate across the European Union of 4.2 percent anticipated. Jobs and price

Economic forecasts European Commissio

Winter 2021 Economic Forecast: A - European Commissio

Euro Area inflation statistics to be released for December

European Economic Outlook Upgraded on Fiscal Fund, Vaccines. By. Alexander Weber. May 12, 2021, 1:30 AM PDT Updated on May 12, 2021, 2:32 AM PDT. Euro-area GDP forecast for 2021 raised to 4.3%. EU cuts 2021 economic outlook as virus spreads. The European Commission has cut its outlook for the rebound from the pandemic shutdowns. Catch up on the developing stories making headlines. Brighter outlook. The ECB presented an update to the economic outlook in the euro zone on Thursday. The bank now expects a gross domestic product rate of 4.6% for 2021 and 4.7% for 2022 — both. There are no signs this is likely in today's economy. Deloitte's baseline forecast expects core consumer price inflation to remain at very close to the 2% level over the entire forecast horizon, with total consumer prices rising a bit faster in 2021 because of the recovery of oil prices from their pandemic lows Developments impacting the revised short-term forecast include the emergence of COVID-19 variants, advice against non-essential travel and an array of related & tightened travel restrictions, as well as delays in the roll-out of the vaccines. Full Year 2021 Traffic Forecast Updates: - October 2020 Forecast: -48%. - Revised in January 2021 to -52%

EU summer forecast predicts Bulgaria's economy growing by 4.6% in 2021. The European Commission's summer forecast for the EU economy, released on July 7, raised the estimate for Bulgaria's economic growth this year to 4.6 per cent, but lowered its projection for 2022 to 4.1 per cent. In its previous spring forecast, the Commission had. European economic recovery strengthens, with U.K. and eurozone exceeding forecasts Published: June 11, 2021 at 3:56 p.m. E ECONOMIC OUTLOOK SUMMER 2021 SECURING THE RECOVERY Economic situation July 2021 • The EU economy is picking up strongly, but the path back towards a full recovery after the COVID-19 induced recession will be long and fraught with downside risks. We expect the EU27 economy to grow by 4.4% this year, followed by 4.6% next year EU Cuts 2021 Economic Outlook as Virus Spreads. The European Commission has cut its outlook for the rebound from the pandemic shutdowns. Two women wait in line at a bakery in Antwerp, Belgium. Economic Forecast Summary (May 2021) As confinement measures are gradually lifted, economic growth is projected to rebound strongly in the second half of this year. The euro area is projected to grow by 4.3% in 2021 and 4.4% in 2022, boosted by private consumption, considerable fiscal support and vigorous external demand, notably from the.

The European Commission released Wednesday its Summer 2021 interim Economic Forecast about the European economy, according to which Bulgaria's real GDP growth is expected to reach 4.6 per cent in. Economists polled in the ECB's quarterly Survey of Professional Forecasters put real GDP growth in the euro zone at 4.4% this year, down from 5.3% in the previous edition of the survey. As for. EU cuts 2021 economic outlook as virus spreads. November 5, 2020. Two women wait in line at a bakery in Antwerp, Belgium, Wednesday, Nov. 4, 2020. Belgium, proportionally still the worst-hit nation in Europe when it comes to coronavirus cases, said Wednesday there increasing signs of that a turning point in the crisis was drawing close

The euro zone and the United Kingdom are not likely to see pre-COVID levels of economic activity before the end of 2021. Against the backdrop of a forecasted 8.4% drop in the euro area's 2020 GDP, Europe's future economic prospects hinge on controlling the coronavirus pandemic. Supply and demand constraints, in the form of lower consumer. The broader EU economy will grow 4.2 per cent in 2021 and 4.4 per cent in 2022, according to the forecast, also an upgrade from the February outlook. The bloc's unemployment rate will hit 7.6. Read the complete study on ' Economic and Budgetary Outlook for the European Union 2021 ' in the Think Tank pages of the European Parliament. Figure 1 - Change in gross domestic product in 2020, EU-27. Figure 2 - Unemployment rate, forecast for 2020, EU-27. Figure 3 - EU budget and general government expenditure in the EU (2019. The group of 19 EU nations that use the euro as their currency will see a record economic decline of 8.7% this year, and grow by 6.1% in 2021. In May it had forecast a 7.8% decline this year, and. Delta-spurred curbs cloud European economic recovery outlook Paris; Follow France's finance minister said on Tuesday he now expected economic growth for 2021 to be around 6 percent, up from.

March 30, 2021 Download the Report. Part one of this report summarizes recent economic developments and presents the outlook for the Europe and Central Asia region. Part two focuses on the topics of data, digitalization, and governance, and provides policy recommendations for harnessing the data revolution to improve governance across the region The Greek economy is expected to grow by 4.3 percent in 2021 and by 6 percent in 2022, the European Commission said in its summer economic forecast report released on Wednesday. The Commission revised its previous forecast for the Greek economy slightly upwards for this year, while its forecast remained unchanged for 2022 Overall, Ireland's economy is projected to grow by 4.6% in 2021 and 5.0% in 2022. By Tony Connelly. Europe Editor. The Irish economy is expected to rebound in the second half of this year as. The European Commission has revised its forecast for Romania's 2021 economic growth upward to 7.4%, under the Summer Forecast published on July 7. It is a significant 2.3pp adjustment from 5.1%.

The European Commission releases its latest quarterly projections. Eurozone 2021 GDP growth forecast 4.8% (previously 4.3%) Eurozone 2022 GDP growth forecast 4.5% (previously 4.4%) Germany 2021. The Greek economy is expected to grow by 4.3% in 2021 and by 6% in 2022, the European Commission said in its summer economic forecast report released on Wednesday.. The Commission revised its previous forecast for the Greek economy slightly upwards for this year, while its forecast remained unchanged for 2022 Regional economic forecasts. Output in central Europe and the Baltic states is expected to drop by 4.4 per cent in 2020, with a recovery of 3.5 per cent seen in 2021. That forecast assumes a gradual normalisation of activity, some recovery in external demand and a boost from European Union funds

Economic Outlook Europe Q2 2021: The Path To A Strong

European Commission's Spring 2021 Economic Forecast: Ireland's economy to rebound in the second half of 2021. The analysis points out that Ireland was the only country to register positive growth in 2020 but its domestic economy still felt the impact of pandemic restrictions in early 2021. It is expected to rebound in the second half of the year The Greek economy is expected to expand by 4.3 percent this year and 6 percent in 2022, according to the European Commission's Summer 2021 Economic Forecast released on Wednesday.. In its 2021 interim report, the Commission revised upward its outlook for Greece compared to May, when it forecast 4 percent growth in 2021 and the same percentage in 2022. . The Greek government has projected a.

GDP growth forecasts Europe 2021 Statist

  1. ute read. Armenia's economy is expected to grow by 4% in 2021 and 5% in 2022, according to the forecast of the European Bank for Reconstruction and Development (EBRD) released on Tuesday. The Armenian economy has embarked on a broadbased recovery
  2. German government cuts 2021 economic growth forecast to 3% The German government has revised its growth forecast for this year down to 3% as Europe's biggest economy faces persistent headwinds.
  3. ister says. LISBON, May 25 (R) - Portugal's economic recovery has been fast and strong since it started easing its COVID-19.
  4. Europe's economic outlook has been clouded by the Delta variant. Virus cases are surging, governments are returning to economic restrictions and the post-pandemic recovery now seems further away.
  5. Global growth for 2018 is estimated at 3.7 percent, as in the October 2018 World Economic Outlook (WEO) forecast, despite weaker performance in some economies, notably Europe and Asia. The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October's projections
  6. MANILA, PHILIPPINES (20 July 2021) — The Asian Development Bank (ADB) is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region.The growth outlook for 2022 is upgraded to 5.4% from 5.3%
  7. Key features of the European Commission's Winter 2021 interim forecast. The breakthroughs in vaccine development in the autumn of 2020 and the start of mass vaccination campaigns in 2021 brightened the near-term outlook for the EU economy. However, hopes of a quick recovery have, to some extent, been overshadowed by the recent resurgence of.

The IMF issued their revised forecast for 2021 givingsix point four percent to Spain which would be together with the US the strongest growing advanced economy these year.So we will be able to. The European Commission's spring forecast for the EU economy, released on May 12, raised the estimate for Bulgaria's economic growth this year to 3.5 per cent, but lowered its projection for 2022 to 4.7 per cent. In its previous winter forecast, the Commission had estimated 2.7 per cent growth in 2021 and 4.9 per cent in 2022 Global economic growth is now expected to be 5.8% this year, a sharp upwards revision from the December 2020 Economic Outlook projection of 4.2% for 2021.The vaccines rollout in many of the advanced economies has been driving the improvement, as has the massive fiscal stimulus by the United States

The 2021 outlook includes 4.3% growth for Europe, 6.4% for the UK and 2.5% rebound for Japan. Emerging markets, meanwhile, are already benefiting from strong external demand. Morgan Stanley believes GDP growth in these markets could reach 7.2% this year, led by China and India. While slower vaccination rates are hampering domestic demand there. The European Commission's 2021 summer forecasts predict that the economies in the 27-nation EU, and among the 19 countries using the euro single currency, are expected to expand by 4.8% this. Euro Area Economic News. Luxembourg: Unemployment rate tricks down in June. July 20, 2021. In June, the number of unemployed workers came in at 16,402, which was down 5.4% from May's result of 17,340. Read more. Germany: Inflation rises in June. July 13, 2021 Published January 3, 2021. The European economy will likely contract by 7% this year—its largest dip since World War II. That's due to months of lockdowns imposed by governments eager to stop.

The U.S. and China will remain the leaders over the whole of 2021, according to the most-recent International Monetary Fund forecasts. The 6.4% projected for the U.S. outpaces the 4.4% envisaged. According to the latest predictions released Tuesday, the 27-nation EU's economy will contract by 8.3 percent this year, followed by 5.8 percent growth in 2021. Their spring forecast, released in. Outlook Summary. We forecast China's GDP to recover gradually and ultimately grow by 7% in 2021, after slowing to 2.2% growth in 2020. This recovert, along with good asset quality and low interest rates, will help keep loan delinquencies and defaults low in Chinese auto ABS and RMBS. Elaine Ng The European Central Bank, the European Commission, the Organization for Economic Cooperation and Development and the International Monetary Fund are all recommending that governments continue stimulus spending throughout 2021, boost public investment and don't rush to tighten fiscal policy until output has returned to pre-COVID levels The European Commission also forecast today that economic growth in the euro zone would be 3.8% this year and the same in 2022, rallying from a 6.8% drop in 2020. More stories on New

European Union Economy Projected to Recover Faster Than

A cornerstone of this outlook—which includes positive adjustments to several economic estimates ( read the economic outlook here )—rests on sustaining the V-shaped recovery that began in May 2020, leading to 6.4% global GDP growth in 2021 and price appreciation for a wide range of asset classes. Indeed, Morgan Stanley's strategists expect. South-Eastern Europe Economic News. Turkey: Central Bank holds its ground in July. July 15, 2021. At its 14 July meeting, the Monetary Policy Committee of the Central Bank of Turkey left the one-week repo rate unchanged at 19.00%, in order to give previous rate hikes time to display their effects on inflation Monthly Economic Monitor July-August 2021 Summary This month we are keeping our forecast of 2021 growth at 6.0%. In nominal terms, ou r forecast remains 12.6%, unseen the European Commission's economic sentiment indicator rose significantly in June, to 117.9 from 114.5. This level not onl The coronavirus pandemic still dominates the global economic outlook heading into 2021, with the second wave of the virus prompting renewed national lockdowns in Europe and tighter restrictions in the US. We have revised up our annual global GDP forecasts for all years in the GEO forecast horizon. The forecast projects that the EU economy will grow by 3.7% in 2021 and 3.9% in 2022. The euro area and EU economies are expected to reach their pre-crisis levels of output earlier than anticipated in the Autumn 2020 Economic Forecast , largely because of the stronger than expected growth momentum projected in the second half of 2021 and in 2022

2021 Global Economic Outlook Morgan Stanle

  1. Economic Outlook Europe Q2 2021: The Path To A Strong Restart, March 25, 2021 Economic Outlook Asia-Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth, March 25, 2021 Economic Outlook U.S. Q2 2021: Let The Good Times Roll, March 24, 2021
  2. Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at The Outlook for the Economy and Finance workshop (fully digital) organised by The European House − Ambrosetti . Frankfurt am Main, 27 March 2021. The theme of this panel is the Competitiveness of Europe and of the European Financial Markets
  3. Monex Europe January 2021 FX Forecasts. Our December forecasts anticipated a period of USD stability in the near-term as the international Covid-19 situation remained an economic risk. While the current Covid-19 waves visible in Europe and North America have led to tighter localised lockdown measures and a headwind to the global economic.
  4. g the central growth engine, especially with the U.S. and China, said BDI President Siegfried Russwurm.

Europe's Economic Outlook Clouded by Delta Variant - The

• Net post-tax losses forecast at $47.7bn in 2021 (was $38bn in the December forecast). Operating margin -9.4% (was -7.1%). • N American airlines better than previously forecast at $5bn loss (was $11bn) due to domestic recovery. Europe worse at $22bn loss (was $12bn) after $35bn loss in 2020, because o On January 27th Peter Altmaier, the German economy minister (pictured), slashed his forecast for economic growth for 2021 from 4.4% to just 3%. Leading economic research institutes, which in. 2021 Facts and Figures of the European Chemical Industry. The Chemical industry is a vital part of Europe's economy and its innovative solutions are essential to deliver a low carbon and circular economy both within Europe and beyond its borders. The European Commission has recognised the chemical industry for its indispensable role to. The Canadian economy has shown remarkable resilience despite larger lockdowns than the United States. Industry consensus forecasts for 2021 GDP have been revised higher to around 5.5% for 2021, a considerable improvement relative to the Bank of Canada's (BoC) estimate of 4.0%. The upgrade seems appropriate to us Vanguard economic and market outlook for 2021: Approaching the dawn Vanguard Research December 2020 While the global economy continues to recover as we head into 2021, the battle between the virus and humanity's efforts to stanch it continues. Our outlook for the global economy hinges critically on health outcomes

Economic conditions outlook, June 2021 McKinse

Increases in the number of unemployed were particularly pronounced in Central Europe and Russia. Outlook: The regional economy is forecast to expand only moderately in 2021, to 3.3%, as the resurgence of COVID-19 cases causes persistent disruptions to activity. The outlook is predicated on the distribution of a The European Commission indicated in the spring forecast an advance of the Romanian economy of 5.1% this year, while the IMF revised its estimates to 6%. In 2022, the IMF expects Romania's economy to grow by 4.8%, the Fund said in the April edition of its World Economic Outlook (WEO) report posted on 30 April 2021. May 2021 Economic Forecast - Significant Bump . Written by Steven Hansen. Econintersect's Economic Index forecast sees a bump in the economic rate of growth at the Main.

How Deep an Economic Decline Can the World Expect in 2020

Romania's economy is expected to grow by 7.4pct in 2021 and by 4.9pct in 2022, compared to the 5.1pct growth estimated earlier in May for this year and 4.9 for next year, according to the interim summer 2021 interim economic forecast published by the European Commission (EC) on Wednesday Economic and fiscal outlook - March 2021. March 3, 2021 - 2 MB. Chapter 2 sets out our forecasts for the economy over a five year horizon. We cover our assumptions regarding the coronavirus pandemic, set out our latest forecast and the effect of policies in the Budget 2021. Chapter 3 sets out our forecasts for receipts and public spending. In the I.M.F.'s World Economic Outlook published in April, the United States' 2021 G.D.P. was forecast to be 3 percent above its 2019 level, while China was forecast to be 11 percent above its.

The U.S. economy is improving after the destruction caused by the COVID-19 pandemic. This cautiously positive outlook is based on experts' reviews of the key economic indicators, including gross domestic product (GDP), unemployment, and inflation. Analysts also have taken a hard look at interest rates, oil and gas prices, jobs, and the impact of climate change Real euro-area GDP growth gains steam in Q3 2021, but the output gap remains negative until the end of 2022. Source: Haver Analytics, Barclays Research. With half the year over, the recovery is well entrenched. Our analysts expect the global economy to grow 6.3% in 2021, close to the 6.4% rate the team forecast three months ago Bank of Italy forecasts 4% GDP growth in 2021. By COLLEEN BARRY May 31, 2021. MILAN (AP) — The head of Italy's central bank said Monday the eurozone's third-largest economy could grow 4% this year, after shedding 9% during the pandemic year of 2020. In the Bank of Italy governor's annual report on the economy, Ignazio Visco cited. Economic activity in the Euro Area in Q2 rebounded strongly, setting the stage for even higher output gains in the second half of the year. Our forecast for Euro Area's GDP expanding by 4.4 percent in 2021 remains for the moment unchanged. However, Q3 will be crucial

2020-2021 Exchange Rates Outlook: Cheap Pound To Soar On

In the second half of the year, supply will catch up with demand, hiring will carry on, and the economy will continue its return to normalcy. Influences on the Forecast. The June Employment Situation Summary showed a gain of 850,000 jobs, an encouraging reading after lackluster job creation in April (269,000) and May (583,000). The unemployment. The ECB's economic outlook and forward guidance on policy will be key. Following the ECB's revision to its price stability objective, we can also expect plenty of Q&A on the new 2% objective The latest forecast shows that by the end of 2021 the economy will contract by 2.9% compared to the pre-pandemic year 2019. In 2022 the growth of economic activity is expected to slow down to 4.5%. Tourism and European fun Wed, Jul 7, 2021, 11:47. Charlie Taylor. The European Commission has said it expects 5.1% GDP growth in the Republic in 2022. The Irish economy is forecast to grow 7.2 per cent this year and by a.

Sweden Exports - Sweden Economy Forecast & Outlook

Inflation forecast, measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) is defined as the projected change in the prices of a basket of goods and services that are typically purchased by households UNITED NATIONS (AP) — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that surging COVID-19 cases and inadequate availability of vaccines in many countries threaten a broad-based recovery The outlook for the euro-area economy in 2021 was raised to 4.8% from 4.3% by European Union officials, who also warned of a higher risk of inflation. Bloomberg's Maria Tadeo reports. (Source. Central and Eastern Europe Sovereign Dashboard: GDP Growth. Wed 26 May, 2021 - 8:24 AM ET. Economic Recovery Continues: Economic growth outturns for 1Q21 in central and eastern Europe (CEE) were generally above market consensus but mixed, varying from a 1.8% qoq contraction in Slovakia, likely due to sluggish domestic demand, to a 2.8%.

Soybeans | 1977-2020 Data | 2021-2022 Forecast | PriceAlgeria Population | 1960-2019 Data | 2020-2021 ForecastInstitute for Fiscal Studies | Briefing Notes

European Equities: Economic Data from Germany and Central Bank Chatter in Focus It's a quieter day ahead on the economic calendar. German retail sales figures will draw interest later this morning Romania's economy will grow by 5.1% in 2021 and 4.9% in 2022, as against advancing 3.8% in 2021 and 4% in 2022, as estimated this February, according to the Spring 2021 Economic Forecast published by the European Commission on Wednesday. Unemployment is projected at 5.2% in 2021 and 4.8% in 2022, from a 5% last year A strong economic recovery is expected in 2021, with Asia Pacific GDP growth forecast at 6.2% y/y, based on expectations that there will be progressive rollout of COVID-19 vaccines during 2021. A key factor underpinning the strong economic rebound in the Asia Pacific region is expected to be buoyant economic growth in China, which is forecast. Asia-Europe container rates slide as EU, UK economic outlook darkens. Greg Knowler, Senior Europe Editor | Feb 15, 2021 12:52PM EST. Europe's pandemic-weakened economies are struggling to recover this quarter, and slowing demand is being reflected in freight rates that have been sliding since mid-January. Maritime News