The euro area economy is forecast to recover at a slower-than-expected pace this year, as the resurgence of the Covid-19 infections, together with more contagious variants of the virus forced many economies to tighten containment measures, the European Commission said in its interim Winter forecast, released Thursday.
The currency bloc is expected to grow 3.8 percent this year, instead of 4.2 percent projected in the autumn forecast. However, the outlook for 2022 was lifted to 3.8 percent from 3 percent citing the start of mass vaccination campaigns.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.