EU economy forecast to grow quicker this year, but faces headwinds

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The EU economy is to grow faster than expected this year but high energy prices, supply chain issues and the possibility of a fresh surge in Covid-19 infections pose a significant risk, the European Commission said Thursday in its latest forecast. Gross domestic product is anticipated to grow 5 per cent year-on-year in the EU in 2021 and then 4.3 per cent in 2022 – both in the whole EU and in the 19-member Eurozone currency zone. “The European economy is moving from recovery to expansion but is now facing some headwinds,” European Economy Commissioner Paolo Gentiloni said in a statement. The n…

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