Regional Economic Outlook for Europe | April 2021
Europe, April 12, 2021
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- Published: April 12, 2021
- Series: Europe
Overview and Projection
- New waves of COVID-19 infections are hitting Europe and the recovery remains halting.
- Vaccinations are progressing.
- Europe’s GDP growth is projected to rebound by 4.5 percent in 2021.
Priorities and Policy Recommendations
- Main priority: quickly ramp up the production and administration of vaccines.
- Continue providing emergency support to households and firms during the pandemic.
- Prepare measures to stimulate hiring and investment once the pandemic is under control.
Expected Benefits of Recommended Measures
- A quicker and fuller recovery by reducing scarring from:
- unemployment,
- missed education and training,
- low investment.
Regional Economic Outlook for Europe | April 2021 — IMF
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