EU economy forecast to rebound faster thanks to Covid vaccine

Shadow of coronavirus beginning to lift from Europe's economy, says EU's economics commissioner

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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.