LAST Wednesday, July 7, the European Commission published its latest forecasts for the European Union-wide gross domestic product (GDP) growth. This year, the growth rate will reach 4.8 percent against the prior expectation of 4.3 percent and the positive vibrations will reach into 2022. For the coming year, the GDP growth rate forecast has been upgraded from 4.4 to 4.5 percent.

The GDP rebound in France will even reach 6 percent this year and 5 percent in Italy. By these rebounds, the GDP, in real terms, will be back at the 2019 level in the fourth quarter of this year. This is the forecast for the whole EU area, with Italy still slightly behind other leading EU economies.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details