EU economy forecast to rebound faster thanks to Covid vaccine
by Daniel Boffey in Brussels from on (#5HQW4)
Shadow of coronavirus beginning to lift from Europe's economy, says EU's economics commissioner
The economy of the EU will bounce back more quickly than expected, owing in part to the quickening pace of its vaccination programme after a slow start", the European Commission has forecast.
The brighter outlook from Brussels also takes into account payouts from the EU's 800bn (686bn) recovery package and a sharper than predicted rebound in global trade and activity, largely driven by the performances of the US and China.
Related: German economy shrank by just 5% in 2020 amid Covid-19
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