European View: Improvements in the COVID-19 Situation and Ramped-Up Activity in May Consolidate the Strong Economic Outlook for the Euro Area in Q2 | The Conference Board
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European View: Improvements in the COVID-19 Situation and Ramped-Up Activity in May Consolidate the Strong Economic Outlook for the Euro Area in Q2


June 2021 | Economy Watch Reports

As infection rates across all major European economies continued declining and vaccine rollout picked up significantly for a third month in a row, output growth in the Euro Area is projected to pick-up in Q2. The easing of confinement measures favours a strong rebound in the services sector, while gains in manufacturing output are likely to be more contained owing to prolonged supply chain disruptions. As for the UK, quarterly data on intra- and extra-EU trade flows suggest that Brexit disruptions to the region’s export sector are not likely to wind down in the coming months.   


AUTHOR

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Ilaria Maselli

Senior Economist
The Conference Board


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