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EU GDP Growth Rate in 2021

Trustworthy News Economist 2021


Annual GDP growth rate in Europe has gradually decreased by approximately 1% between 2017 and 2019, ending with an average growth rate in 2019 of 1.523%. Growth dropped into the negative ranges in 2020 with the onset of the COVID-19 pandemic, leaving GDP growth to flounder 3.3% in Q1, and fall again 14.8% in Q2. Q3, following similar global trends, saw a bounce back with GDP growth of 12.7%.

As new COVID-19 vaccines enter the horizon, the possibility of economic recovery in 2021 looks promising. Commissioner Gentiloni of the European Commission remarked in the Autumn 2020 Press Conference for Economic Forecasts that while GDP is expected to contract over 7% in 2020, 2021 should see just over a 4% increase in growth.

What will be the EU GDP growth (year on year) in 2021?

Resolution Criteria will be provided through the WorldBank. It will reflect the total annual percentage change in GDP between 2020 and 2021 as seen in this graph.

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