It's out! The @EU_Commission winter economic forecast for 2021 ๐Ÿ“Š
๐Ÿ‡ช๐Ÿ‡ธ +5.6% GDP
๐Ÿ‡ซ๐Ÿ‡ท +5.5% GDP
๐Ÿ‡ญ๐Ÿ‡ท +5.6% GDP
๐Ÿ‡ธ๐Ÿ‡ฎ +4.7% GDP
๐Ÿ‡ฒ๐Ÿ‡น +4.5% GDP
๐Ÿ‡ต๐Ÿ‡น +4.1% GDP
๐Ÿ‡ธ๐Ÿ‡ฐ +4.0% GDP
๐Ÿ‡ญ๐Ÿ‡บ +4.0% GDP
๐Ÿ‡ง๐Ÿ‡ช +3.9% GDP
๐Ÿ‡ท๐Ÿ‡ด +3.8% GDP
๐Ÿ’ถ +3.8% GDP
๐Ÿ‡ช๐Ÿ‡บ +3.7% GDP
๐Ÿ‡ฌ๐Ÿ‡ท +3.5% GDP
๐Ÿ‡ฑ๐Ÿ‡ป +3.5% GDP
๐Ÿ‡ฎ๐Ÿ‡ช +3.4% GDP
๐Ÿ‡ฎ๐Ÿ‡น +3.2% GDP

๐Ÿ‡ฉ๐Ÿ‡ช +3.2% GDP
๐Ÿ‡จ๐Ÿ‡พ +3.2% GDP
๐Ÿ‡ฑ๐Ÿ‡บ +3.2% GDP
๐Ÿ‡จ๐Ÿ‡ฟ +3.2% GDP
๐Ÿ‡ต๐Ÿ‡ฑ +3.1% GDP
๐Ÿ‡ฉ๐Ÿ‡ฐ +2.9% GDP
๐Ÿ‡ซ๐Ÿ‡ฎ +2.8% GDP
๐Ÿ‡ง๐Ÿ‡ฌ +2.7% GDP
๐Ÿ‡ธ๐Ÿ‡ช +2.7% GDP
๐Ÿ‡ช๐Ÿ‡ช +2.6% GDP
๐Ÿ‡ฑ๐Ÿ‡น +2.2% GDP
๐Ÿ‡ฆ๐Ÿ‡น +2.0% GDP
๐Ÿ‡ณ๐Ÿ‡ฑ +1.8% GDP
Vs๐Ÿ“ˆ 2020:

๐Ÿ‡ช๐Ÿ‡ธ -11.0% GDP
๐Ÿ‡ฌ๐Ÿ‡ท -10.0% GDP
๐Ÿ‡ฒ๐Ÿ‡น - 9.0% GDP
๐Ÿ‡ญ๐Ÿ‡ท - 8.9% GDP
๐Ÿ‡ฎ๐Ÿ‡น - 8.8% GDP
๐Ÿ‡ซ๐Ÿ‡ท - 8.3% GDP
๐Ÿ‡ต๐Ÿ‡น - 7.6% GDP
๐Ÿ‡ฆ๐Ÿ‡น - 7.4% GDP
๐Ÿ’ถ - 6.8% GDP
๐Ÿ‡ช๐Ÿ‡บ - 6.3% GDP
๐Ÿ‡ง๐Ÿ‡ช - 6.2% GDP
๐Ÿ‡ธ๐Ÿ‡ฎ - 6.2% GDP
๐Ÿ‡ธ๐Ÿ‡ฐ - 5.9% GDP
๐Ÿ‡จ๐Ÿ‡พ - 5.8% GDP
๐Ÿ‡จ๐Ÿ‡ฟ - 5.7% GDP
๐Ÿ‡ญ๐Ÿ‡บ - 5.3% GDP
๐Ÿ‡ฉ๐Ÿ‡ช - 5.0% GDP
๐Ÿ‡ท๐Ÿ‡ด - 5.0% GDP
๐Ÿ‡ง๐Ÿ‡ฌ - 4.9% GDP
๐Ÿ‡ณ๐Ÿ‡ฑ - 4.1% GDP
๐Ÿ‡ฑ๐Ÿ‡ป - 3.5% GDP
๐Ÿ‡ฉ๐Ÿ‡ฐ - 3.5% GDP
๐Ÿ‡ฑ๐Ÿ‡บ - 3.1% GDP
๐Ÿ‡ซ๐Ÿ‡ฎ - 3.1% GDP
๐Ÿ‡ฎ๐Ÿ‡ช - 3.0% GDP
๐Ÿ‡ช๐Ÿ‡ช - 2.9% GDP
๐Ÿ‡ธ๐Ÿ‡ช - 2.9% GDP
๐Ÿ‡ต๐Ÿ‡ฑ - 2.8% GDP
๐Ÿ‡ฑ๐Ÿ‡น - 0.9% GDP
Commissioner @PaoloGentiloni says the forecast is based on the assumption that restrictive measures to contain the #coronavirus will be eased in the second quarter of 2021.
๐Ÿ‘€By the way, this is the first time the Commission economic forecast does not include data for the ๐Ÿ‡ฌ๐Ÿ‡งUK after the effective end of the transition period on December 31.
Commissioner says the forecast does not take into consideration the potential positive impact of the #EUrecovery fund because the Commission has no way yet to measure it just yet.
Commissioner @PaoloGentiloni warns on the long-term impact on employment and growing inequalities as a result of the crisis -especially gender inequalities.
EVP @VDombrovskis message on the economic forecast: "While we can be cautiously optimistic, uncertainty remains."
๐Ÿ‘‰Commission calculates around -0.5% GDP #Brexit impact for the๐Ÿ‡ช๐Ÿ‡บEU's growth, up to -2.2% GDP for the ๐Ÿ‡ฌ๐Ÿ‡งUK until the end of 2022.
** Correction:

๐Ÿ‡ฎ๐Ÿ‡ชIreland's GDP in 2020 was actually +3.0%.

Sorry about that!

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https://t.co/5Xmt8y7lCL

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โ€œThe analysis also finds that lockdowns are powerful instruments to reduce infections, especially when they are introduced early in a countryโ€™s epidemic and when they are sufficiently stringent.โ€

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โ€œlockdowns become progressively more effective in reducing COVID-19 cases when they become sufficiently stringent. Mild lockdowns appear instead ineffective at curbing infections.โ€

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โ€œThe results suggest that to achieve a given reduction in infections, policymakers may want to opt for stringent lockdowns over a shorter period rather than prolonged mild lockdowns...

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