Trade & Sector NewsQuarterly Report on the Euro Area (QREA), Vol. 20, No. 3 (2021)
Having regained its pre-pandemic output level in the third quarter of this year, the euro area is now on a path of expansion.
- Euro area real GDP growth is expected to rebound by 5% in 2021 and gradually moderate to 2.4% in 2023.
- Inflation is forecast to reach 2.4% in 2021 but expected to decline to 1.4% in 202.
- Energy prices are set to gradually level out next year and the imbalances between supply and demand solve.