Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Spain and France are expected to see growth above 5% in 2021, leading the recovery for the bloc as German GDP expands by about 3.5%, the European Commission said in its spring forecasts.
Inflation is seen rising, but at no point in the forecast horizon does it exceed the European Central Bank's target of 'below, but close to 2%.' Eurozone CPI is expected to be 1.7% in 2021, up from a winter forecast of 1.3%, with 2022 now seen at 1.3%, down from 1.5%. The scale of the ECB's upcoming communications challenge was underlined by a forecast for German inflation at 2.4% in 2021.
"While we are not yet out of the woods, Europe's economic prospects are looking a lot brighter. As vaccination rates rise, restrictions ease and people's lives slowly return to normal, we have upgraded forecasts," Valdis Dombrovskis, Commission Executive Vice-President said.
Source: European Commission
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.