Forecast

    • IMF urges countries to spend more on vaccine rollout

      IMF urges countries to spend more on vaccine rollout

      The International Monetary Fund voiced concerns over rising global debt driven by Covid-19 pandemic, Reuters reported. However, The IMF emphasized that benefits for economies from the vaccination process far exceed spending on research and jabs. Spending more money to accelerate vaccinations is the fastest way to start to normalize government finances, the IMF said in its 2021 Fiscal Monitor report. If faster global vaccinations bring the virus under control sooner, more than $1 trillion in additional global tax revenue could be collected through 2025 in advanced economies.

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    • Growth hindered by external factors

      Growth hindered by external factors

      The European economy is set for its seventh consecutive year of growth in 2019, with all Member States' economies due to expand, the Commission stated in its Summer Economic Forecast released last Wednesday. The short-term outlook for the European economy, however, is clouded by external factors including global trade tensions and significant policy uncertainty. These have continued to weigh on confidence in the manufacturing sector, which is the most exposed to international trade, and are projected to weaken the growth outlook for the remainder of the year.

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    • Autumn forecast: Sustained growth amid high uncertainty

      Autumn forecast: Sustained growth amid high uncertainty

      Growth both in the Eurozone and EU-27 is set to ease from a 10-year high in the next few years, according to the Commission's Autumn forecast released last Thursday. Eurozone growth is expected to be 2.1% in 2018 before moderating to 1.9% in 2019 and 1.7% in 2020. The same pattern is expected for the EU27, with growth forecast at 2.2% in 2018, 2.0% in 2019 and 1.9% in 2020.

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