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Economists cut euro zone growth forecast for 2021: ECB survey - Metro US

Economists cut euro zone growth forecast for 2021: ECB survey

FILE PHOTO: The headquarters of European Central Bank (ECB) in Frankfurt

FRANKFURT (Reuters) – The pandemic-stricken euro zone economy is likely to rebound this year but at a slower pace than expected only a few months ago, before making up for the lost ground in 2022, a European Central Bank survey showed on Friday.

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 next year, the survey showed the economy was now expected to expand by 3.7%, compared to 2.6% in the October poll.

A summary of the forecasts can be found in the table below:

2021 2022 2023 LONG-TERM

GDP growth 4.4% 3.7% 1.9% 1.4%

HICP infl. 0.9% 1.3% 1.5% 1.7%

(Reporting By Francesco Canepa; Editing by Kevin Liffey)

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