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Identifiers

catalogue_number
Catalogue number KC-BC-21-006-EN-N
doi
10.2765/66679
isbn
9789276297208
issn
ISSN 2443-8014

European economic forecast : Spring 2021.

Flag for EU Publications Office of the European Union on May 31st 2021
Directorate-General for Economic and Financial Affairs (European Commission)
After the historic drop in activity recorded in the first part of 2020 and the rebound in the summer, the EU economy faced another setback in late 2020 as the resurgence of the pandemic prompted a new round of containment measures. With output falling again in the last quarter of 2020 and the first of 2021, by a cumulative 0.9%, the EU was pushed back into recession. However, considering the stringency of the restrictions, the decline in activity was far milder than the downturn in the first half of 2020. Better adaptation of firms and households to the constraints of the pandemic environment, stronger support from global growth and trade, and continued strong policy support helped economic agents cope with the economic challenges.

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Related SDGs

SDG 8: Decent Work and Economic Growth ...
SDG 8: Decent Work and Economic Growth

Target 8.1

Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries

Target 8.5

Achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

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Citations

Cited by 1 other policy document (all of them are from other policy sources)