ECB raised its forecast for eurozone GDP growth from 4% to 4.6%

The European Central Bank (ECB) expects the eurozone GDP growth in 2021 by 4.6%. The indicator increased by 0.6 percentage points compared to the March forecast.

The forecast has also been improved for 2022 – from 4.1% to 4.7%. As before, GDP is expected to grow by 2.1% in 2023.

“We are somewhat more optimistic about the economic outlook than we were three months ago. The latest signals that we have received are a signal of a strong recovery in the second quarter, and we hope this will intensify in the third quarter, ”said ECB President Christine Lagarde on press conferences

The ECB believes that inflation in the euro area could accelerate even more in the second half of 2021. Inflation stood at 2% in May, peaking since the end of 2018. According to the updated forecast, inflation in the euro area will be 1.9% in 2021, 1.5% in 2022 and 1.4% in 2023.

Eurozone GDP in the first quarter fell less than expected – by 0.3% compared to the previous quarter, the European Statistical Office reported. A decline of 0.6% was predicted.

About the forecast of the world economy – in the material of “Kommersant” “Points were added to world growth.”