Despite some gloomy prospects (shortages of raw materials and certain goods, rising energy prices, pandemic), the European Commission’s autumn economic forecasts, published on Thursday 11 November, remain positive with the same growth rate for the EU and the euro area of 5% for 2021, 4.3% for 2022 and finally a rate of 2.5% for the Union and 2.4% for the euro area for 2023.
“An unprecedented policy response has cushioned the impact of Covid-19 on workers and businesses and a successful...