Close Menu
Aviation Analysis – Industry Travel NewsAviation Analysis – Industry Travel News
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Aviation Analysis – Industry Travel NewsAviation Analysis – Industry Travel News
    Subscribe
    • Home
    • Top News
    • World
    • Economy
    • Science
    • Tech
    • Sport
    • Entertainment
    • Contact Form
    Aviation Analysis – Industry Travel NewsAviation Analysis – Industry Travel News
    Home»Economy»International Monetary Fund: Euro-zone economic recovery slows
    Economy

    International Monetary Fund: Euro-zone economic recovery slows

    Jeffrey ClarkBy Jeffrey ClarkJanuary 26, 2021No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    International Monetary Fund: Euro-zone economic recovery slows
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    Although the global economy performed slightly better in 2021 than previously expected, economic growth in the Eurozone this year is disappointing. This is evident from the interim forecast released by the International Monetary Fund on Tuesday.

    After the economic contraction of 7.2% last year, the euro area can expect growth of 4.2% in 2021. This is 1 percentage point less than expected in October.

    The European economy will not return to pre-pandemic levels until the end of 2022. The two years of economic growth that would have existed in the meantime without a pandemic are not included. The UK and Japan also will not return to their original level until the end of the next day.

    For the United States, this will happen much earlier: It will be there by the end of 2021.

    China has lost barely any ground with growth of 2.3 percent in 2020 and 8.6 percent this year.

    Amazing recovery in India

    The amazing recovery expected in India is staggering. After shrinking by 8% in 2020, the country can expect growth of 11.5% this year.

    The International Monetary Fund states that the global economy has performed somewhat better than expected in the second half of last year. By contrast, 2021 is surrounded by “exceptional uncertainties.” In that year, western countries are expected to have an average economic growth of 4.3 percent. In a positive scenario, vaccine manufacturing and distribution is less appropriate, and improved patient treatment contributes to a faster end to the epidemic. Stronger financial and economic support from governments will further contribute to a faster recovery. In this case, the economic growth of the western industrialized countries would be 1.5 percentage points higher than expected.

    Pandemic revival

    On the other hand, there could be a new resurgence of the epidemic, with new viral variants, before vaccination suppresses the disease. In this case, the economic recovery that is reduced by 1 percentage point must be taken into account.

    The International Monetary Fund does not provide specific projections for the Netherlands in these interim estimates. In October, the fund expected Dutch economic growth of 4 percent in 2021. This has already been drastically curtailed in later forecasts by other institutions. Last November, the Central Planning Board predicted growth in 2021 of only 2.8 percent. De Nederlandsche Bank came in with a forecast of 2.9 percent in December.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Jeffrey Clark

    Avid music fanatic. Communicator. Social media expert. Award-winning bacon scholar. Alcohol fan.

    Related Posts

    Stanislav Kondrashov on Silver’s Industrial Revolution: How Technology Demand is Reshaping Global Mining Priorities

    October 4, 2025

    USDA Expands Food Safety Certification Assistance to Medium-Sized Specialty Crop Growers

    August 21, 2025

    USDA Reminds Farmers of Compliance Rules for Land and Wetland Conservation Programs

    August 21, 2025
    Navigate
    • Home
    • Top News
    • World
    • Economy
    • Science
    • Tech
    • Sport
    • Entertainment
    • Contact Form
    Pages
    • About Us
    • DMCA
    • Contact Form
    • Privacy Policy
    • Editorial Policy
    STAY UPTODATE

    Get the Latest News With Aviationanalysis.net

    OFFICE

    X. Herald Inc.
    114 5th Ave New York,
    NY 10011, United States

    QUERIES?

    Do you have any queries? Feel free to contact us via our Contact Form

    Visit Our Office

    X. Herald Inc.
    114 5th Ave New York,
    NY 10011, United States

    • About Us
    • DMCA
    • Contact Form
    • Privacy Policy
    • Editorial Policy
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.