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ROUNDUP / Forecast: Rapid recovery of the EU economy – but possible hurdles

Thursday, 11/11/2021 12:33 PM from

dpa-AFX

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Flags in front of the EU Parliament in Strasbourg. pixabay.com

BRUSSELS (dpa-AFX) – The economy in the European Union is recovering faster than expected, according to a forecast by the EU Commission. However, growth could be dampened by a new wave of corona infections, high energy prices and ongoing supply chain bottlenecks, as the Brussels authority announced on Thursday. The German growth forecast for this year has been revised downwards significantly.

The commission raised its growth forecast for the entire EU for this year to 5.0 percent, in the summer forecast it was 4.8 percent. For next year, however, the authority is only assuming 4.3 percent – after the plus of 4.5 percent predicted in the summer.

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