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Jabs help brighten EU's economic outlook


Jabs help brighten EU s economic outlook
By CHEN WEIHUA |
China Daily |
Updated: 2021-05-15 09:58
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A medical worker administers a dose of COVID-19 vaccine in a vaccination center in Paris, May 12, 2021. [Photo/Agencies]
The European Commission has revised its economic forecast upward for the coming two years based on its accelerated vaccination program, a recovery fund that is set to take effect and a stronger global performance powered by China and the United States.
The Spring 2021 Economic Forecast released on Wednesday projected that the 27-member European Union s economy will expand by 4.2 percent in 2021 and 4.4 percent in 2022, while the 19-member eurozone economy is forecast to grow by 4.3 percent this year and 4.4 percent next year. The numbers for this year were both up compared with the February forecast of 3.7 percent for the EU economy and 3.8 percent for the eurozone ....

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