Economy

For months now, public debate about Italy’s post-pandemic economic recovery has focused on an upcoming deadline. On April 30, the country must submit a “recovery and resilience plan” to the European Commission to access funds from its Next Generation EU program. Italy's Economic Recovery Italy will need to take the environment into account. The program is a key element … [Read more...] about Italy’s Economic Recovery Plan Encouraged to Include Communities

Two cheers for the British Wirtschaftswunder. It may not be an economic miracle, but the accelerating recovery now underway is a breathtaking turn of fortunes for the much denigrated Brexit economy. The UK will probably regain pre-COVID levels of output before the eurozone, perhaps by Christmas. By the end of next year, it may even have recouped the entire … [Read more...] about UK’s Sudden Economic Recovery Surprised the World

France could return to pre-pandemic economic growth levels by the middle of 2022. According to Bank of France governor and European Central Bank policymaker Francois Villeroy de Galhau. France Economic Growth A Bank of France survey of 8,500 companies published on Tuesday. It showed French economic activity is expected to have declined only 7 percent in April. This … [Read more...] about France Slow Recovery After Third Lockdown

The UK economy returned to growth in February. This is despite pressure from continuing government Covid restrictions. Businesses adapted to lockdown, and EU exports staged a partial recovery. UK Recovery  The Office for National Statistics said gross domestic product (GDP) rose by 0.4% in February from a month earlier. The economy showed some signs of improvement after … [Read more...] about UK Economy Returns to Growth Amid COVID-19 Restrictions

Europe’s economy is on track to return to its pre-crisis levels in 2022, the International Monetary Fund said on Wednesday. Though this projection depends on the region’s Covid-19 vaccination campaign. Europe's Pandemic-Stricken Economy European countries have been forced to introduce new restrictions or toughen previous public health measures in recent weeks as Covid … [Read more...] about Europe’s Economy Affected by Pandemic Could Return to Pre-Crisis Levels in 2021, IMF Says