European Economic Forecast. Winter 2022

Author (Corporate)
Publisher
Series Title
Series Details Number 169
Publication Date February 2022
ISBN 78-92-76-43938-7
ISSN 2443-8014
EC KC-BC-22-0006-EN-N
Content Type ,

Summary:

The European Commission published on 10 February 2022 its Winter economic forecast for the European Union (EU) and the Eurozone.

Further information:

The Winter 2022 Economic Forecast projects that EU economic expansion is expected to regain pace in the second quarter of 2022 after a loss in momentum caused by the surge in COVID-19 infections, high energy prices and continued supply side disruptions.

The forecast forecast projects that, following an expansion by 5.3% in 2021, the EU economy will grow by 4.0% in 2022 and 2.8% in 2023. Growth in the euro area is also expected at 4.0% in 2022, moderating to 2.7% in 2023. The EU as a whole reached its pre-pandemic level of GDP in the third quarter of 2021 and all Member States are projected to have passed this milestone by the end of 2022.

Source Link Link to Main Source https://ec.europa.eu/info/publications/european-economic-forecast-winter-2022_en
Alternative sources
  • https://ec.europa.eu/info/sites/default/files/economy-finance/ip169_en.pdf
  • https://doi.org/10.2765/333044
Related Links
Official
European Commission: Economic Forecasts: Winter 2022 Economic Forecast: Growth expected to regain traction after winter slowdown https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-forecasts/winter-2022-economic-forecast-growth-expected-regain-traction-after-winter-slowdown_en
European Commission: Press Release, 10/02/2022: Winter 2022 Economic Forecast: Growth expected to regain traction after winter slowdown https://ec.europa.eu/commission/presscorner/detail/en/ip_22_926
European Commission: Remarks by Commissioner Gentiloni at the press conference on the Winter 2022 Economic Forecast (10 February 2022) https://ec.europa.eu/commission/presscorner/detail/en/speech_22_953

News
Reuters, 10/02/2022: EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view https://www.reuters.com/world/europe/eu-exec-cuts-2022-euro-zone-growth-forecast-sharply-raises-inflation-view-2022-02-10/
Euronews, 10/02/2022: Inflation in eurozone forecast to hit 4.8% amid soaring energy prices https://www.euronews.com/2022/02/10/inflation-in-eurozone-forecast-to-hit-4-8-amid-soaring-energy-prices
Bloomberg, 10/02/2022: Inflation Seen Below ECB’s Goal Next Year in Latest EU Forecast https://www.bloomberg.com/news/articles/2022-02-10/inflation-seen-below-ecb-s-goal-next-year-in-latest-eu-forecast
RFI News, 10/02/2022: EU cuts eurozone growth forecast as inflation 'chills' economy https://www.rfi.fr/en/eu-cuts-eurozone-growth-forecast-as-inflation-chills-economy
RTÉ News, 10/02/2022: EU Commission increases Irish inflation and growth forecasts https://www.rte.ie/news/business/2022/0210/1279022-eu-increases-irish-growth-and-inflation-forecasts/
The Sofia Globe, 10/02/2022: EU winter economic forecast lowers Bulgaria 2022 growth estimate to 3.7% https://sofiaglobe.com/2022/02/10/eu-winter-economic-forecast-lowers-bulgaria-2022-growth-estimate-to-3-7/
ANSA, 10/02/2022: EC trims Italy's 2022 growth forecast to 4.1% https://www.ansa.it/english/news/business/2022/02/10/ec-trims-italys-2022-growth-forecast-to-4.1_bb1bd4d9-fcb7-46be-ae95-9266173e1944.html
The Irish Times, 10/02/2022: European Commission now expects Irish inflation to rise by 4.6% this year https://www.irishtimes.com/business/economy/european-commission-now-expects-irish-inflation-to-rise-by-4-6-this-year-1.4798763
EurActiv, 11/02/2022: EU cuts growth forecast as energy prices ‘chill’ economy https://www.euractiv.com/section/economy-jobs/news/eu-cuts-growth-forecast-as-energy-prices-chill-economy/
Emerging Europe, 11/02/2022: EU predicts strong 2022 growth for Central Europe, well above bloc average https://emerging-europe.com/news/eu-predicts-strong-2022-growth-for-central-europe-well-above-bloc-average/

Commentary and Analysis
European Trade Union Confederation (ETUC): Press Release, 10/02/2022: Strong recovery shows why EU must ditch debt rules https://www.etuc.org/en/pressrelease/strong-recovery-shows-why-eu-must-ditch-debt-rules

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