Free Trial

MNI BRIEF: Upside Risk To 2021 Growth Forecast -EU's Gentiloni

(MNI) Brussels

Recent positive economic data point to an upside risk to the EU's 2021 growth forecast, EU Economic Affairs Commissioner Paolo Gentiloni.

"What we see is that vaccinations have enabled us to continue with the reopening of our economies, with growth in Q2 exceeding our last forecast and survey data pointing to ongoing strength over the summer. All of this means there is an upside risk to our growth forecast for 2021 as a whole," Gentiloni said at a press conference following the Eurogroup meeting this morning in Slovenia.

ECB President Christian Lagarde noted the improvement in the data this week, with the central bank upping their 2021 growth projection to 5.0% from the 4.6% seen in June, although she warned "we're not out of the woods yet."

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

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.