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Eurozone
Publication year - 2021
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12574
Subject(s) - economics , keynesian economics
After the weak start to 2021, with eurozone GDP contracting 0.3% q/q in Q1, there are clear signs that the eurozone economy is picking up speed. Rapid progress in countries' vaccination campaigns and containment measures have triggered a decisive decline in infections. Governments across the region have lifted restrictions on hospitality and retail activity, allowing eager consumers to return to spending. Mobility data and surveys such as the services PMI soared in June, pointing to an ongoing rebound.