Quarterly 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.

 

Key facts:
  • 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.

 

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