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European Economic Forecast spring 2021

The Spring 2021 Economic Forecast projects that growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022 In 2021, the government deficit is expected to further increase to around 11¾% of GDP due to the cost of the prolonged policy support, as restraints to economic activity are still needed to contain the pandemic. The measures included in the 2021 budget imply a deficit-increasing impact of around 1.4% of GDP in 2021. Some of these measures are expected to be partly financed wit European Commission . Directorate-General for Economic and Financial Affairs . European Economic Forecast . Spring 2021. EUROPEAN ECONOMY Institutional Paper 14

European Economic Forecast

The economic growth in the European Union (EU) and in the eurozone would expand by 4.8 percent this year, and by 4.5 percent in 2022, according to the Summer 2021 Economic Forecast, presented by. Europe's economic outlook has been clouded by the Delta variant. In France, the government is trying to avoid another shutdown by introducing a so-called health pass to get into. The European Commission has revised its inflation forecasts to 1.9% in 2021, from 1.7% in the Spring forecasts and to 1.4% in 2022 from 1.3%. Mr. Dombrovskis said a close eye should be kept on..

Economic forecasts European Commissio

The executive arm of the EU had projected in May a 4.3% GDP rate for the euro area in 2021, followed by a 4.4% GDP rate in 2022. Now, the commission has updated its forecasts and is expecting a 4. Regional Economic Outlook | April 2021. With new waves of COVID-19 infections hitting Europe, the recovery remains halting. However, vaccinations are progressing and thus Europe's GDP growth is projected to rebound by 4.5 percent in 2021. The main priority is to quickly ramp up the production and administration of vaccines The European Commission indicated in the spring forecast an advance of the Romanian economy of 5.1% this year, while the IMF revised its estimates to 6%. In 2022, the IMF expects Romania's economy to grow by 4.8%, the Fund said in the April edition of its World Economic Outlook (WEO) report March 30, 2021 Download the Report. Part one of this report summarizes recent economic developments and presents the outlook for the Europe and Central Asia region. Part two focuses on the topics of data, digitalization, and governance, and provides policy recommendations for harnessing the data revolution to improve governance across the region

The US current account deficit falls from 3.7% of GDP in 2021 to about a relatively high 3.0% of GDP in the last few years of the forecast, reflecting our expectations for continued global demand for dollar assets. 16 In 2022, the eurozone economy is expected to expand by 4.5%, up from 4.4% previously expected. Eurozone real GDP is projected to return to its pre-crisis level in the last quarter of 2021, one quarter earlier than expected in the European Commission Spring 2021 Economic Forecast Global growth is projected at 6% in 2021, moderating to 4.4% in 2022. The projections for 2021 and 2022 are stronger than in the October 2020 WEO. The upward revision reflects additional fiscal support in a few large economies, the anticipated vaccine-powered recovery in the second half of 2021, and continued adaptation of economic activity to subdued mobility Overall, Ireland's economy is projected to grow by 4.6% in 2021 and 5.0% in 2022. By Tony Connelly. Europe Editor. The Irish economy is expected to rebound in the second half of this year as.

Press corner European Commissio

Spring 2021 Economic Forecast - The European Stin

  1. European Commission (DG ECFIN), European Economic Forecast - Spring 2021, Institutional Paper 149, DG ECFIN. European Commission (2021c), Adjustment to large shocks in the euro area - insights from the COVID-19 pandemic, note for the Eurogroup (7 May). European Commission (2021d), European Business Cycle Indicators, April 2021
  2. 07/07/2021 loc13:32 10:32 gmt BRUSSELS, July 7 (KUNA) -- The European economy is forecast to rebound faster than previously expected, as activity in the first quarter of the year exceeded expectations and the improved health situation prompted a swifter easing of pandemic control restrictions in the second quarter, according to EU Summer.
  3. g months. As such, the continuation of an easy monetary policy by the European Central Bank appears to be warranted
  4. The OECD Interim Economic Outlook provides analysis and GDP growth forecasts for all G20 countries and the world economy as a whole. Published in March and September, these Interim reports provide updates to the projections, analysis and policy recommendations contained in the main Economic Outlooks released in May/June and November/December
  5. The European Commission's summer forecast for the EU economy, released on July 7, raised the estimate for Bulgaria's economic growth this year to 4.6 per cent, but lowered its projection for 2022 to 4.1 per cent. In its previous spring forecast, the Commission had estimated 3.5 per cent gross.

The European Commission released Wednesday its Summer 2021 interim Economic Forecast about the European economy, according to which Bulgaria's real GDP growth is expected to reach 4.6 per cent in. The European Centre for Medium-Range Weather Forecasts predicts July 2021 will be warmer than usual across Europe (but not the southern tip of Portugal) ECMWF, CC BY-ND. If summer is warmer than. A significant economic rebound is projected in 2021 reflecting the expected re-opening of the economy, strengthened policy support and the ongoing global recovery. Real GDP is projected to grow by 4.6% in 2021, by 4.7% in 2022 and by 2.1% in 2023. Mor

Economic and fiscal outlook - March 2021. March 3, 2021 - 2 MB. Chapter 2 sets out our forecasts for the economy over a five year horizon. We cover our assumptions regarding the coronavirus pandemic, set out our latest forecast and the effect of policies in the Budget 2021. Chapter 3 sets out our forecasts for receipts and public spending. macrofiscal scenario and the (most recent) Commission's forecast shall be described with reasoning (). The comparison of the . Member States' and the Spring 2021 European Commission (EC) forecast shows significant differences for 2021 and 2022, which may refelect uncertainties regarding the economic impact of the COVID -19 pandemic World economy in spring 2021: Recovery stays on track. The global economy continued to recover in the winter semester, despite the number of new infections with the coronavirus rising sharply and containment measures tightened again in many countries. Industrial production and world trade have already fully catched up with activity levels.

In this spring edition of the ULI Real Estate Economic Forecast, real estate economists and analysts predict markedly improved U.S. economic and property market conditions over the next three years, 2021 to 2023, compared with the forecast of six months ago EC European Economic Forecast Spring 2021 (next release Autumn 2021) and BPN June 2021 (next release September 2021). *** Average of the credit institutions which participate in the «Belgian Prime News». (1) This series corresponds with the results of the Labour Force Survey (LFS. Population older than 15 years). monthly adjusted by using the. The European Commission has just jacked up its growth forecasts for 2021 and 2022, citing the bloc's €750bn ($910bn) recovery fund as one of the reasons why. This cash should start appearing. Economic growth in both the 27-member EU and the 19-member eurozone would expand by 4.8 percent this year, according to the Summer 2021 Economic Forecast, presented by European Commissioner for. Ireland's economy is projected to grow by 4.6% in 2021 and 5% in 2022, the European Commission's Spring Economic Forecast is predicting. By Tony Connelly. Europe Editor

ULI's Spring 2021 Real Estate Economic Forecast is the latest in a series of forecasts based on surveys of economists and industry analysts that are conducted on a semi-annual basis by the institute's Center for Real Estate Economics and Capital Markets. Results from the next survey are planned for release in October 2021 Monthly Economic Monitor July-August 2021 Summary This month we are keeping our forecast of 2021 growth at 6.0%. In nominal terms, ou r forecast remains 12.6%, unseen the European Commission's economic sentiment indicator rose significantly in June, to 117.9 from 114.5. This level not onl That is why economic research institutes have also downgraded the growth outlook for the gross domestic product (GDP) for 2021 in their current spring forecast by one percentage point from 4.7 to 3.7 percent compared to the fall 2020 forecast. About our methods. The survey period for the current analysis was April 1 to April 12, 2021

Western Balkans Regular Economic Report: Spring 2021. A semi-annual report on recent economic developments and economic policies in the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia). The report analyzes the economic performance and outlook for the Western Balkans and specific factors that. Brussels, July 7 (BTA correspondent Nikolay Jeliazkov) - The European Commission released Wednesday its Summer 2021 interim Economic Forecast about the European economy, according to which Bulgaria's real GDP growth is expected to reach 4.6 per cent in 2021 and 4.1 per cent in 2022. Compared to the Spring Forecast, the annual real GDP growth in Bulgaria rate is 1.1 pp. higher in 2021 and 0.6.

European Commission's Spring 2021 Economic Forecast

Eurozone Economic Outlook Deloitte Insight

Economic outlook. Since we last met, the economic outlook for the euro area has markedly improved. Recent forecasts of international institutions, including the European Commission's Spring Forecast, foresee a strong rebound of economic activity in 2021 and recovery in 2022 The group of 19 EU nations that use the euro as their currency will see a record economic decline of 8.7% this year, and grow by 6.1% in 2021. In May it had forecast a 7.8% decline this year, and. Europe's economic prospects are looking brighter. The Spring 2021 Economic Forecast projects that the EU economy will expand by: #Clusters can read about the predicted growth in the economy in 2021 & 2022! #ECCP @EU_EISMEA @EU_Growth. 0 replies 0 retweets 0 likes. Reply. Retweet. Retweeted. Like

The latest forecast shows that by the end of 2021 the economy will contract by 2.9% compared to the pre-pandemic year 2019. In 2022 the growth of economic activity is expected to slow down to 4.5%. Tourism and European fun The European Commission projects Hungary's GDP will climb 5.0 percent this year in a spring economic forecast published on Wednesday.. The projection was raised from 4.0 percent in the EC's winter forecast released in February. Hungary's government puts 2021 GDP growth at 4.3 percent Under the winter forecast released in February, the European Commission estimated an economic decline of 5% for Romania's economy in 2020, compared to 6.3% in the EU, and anticipated 3.8% recovery.

European economy recovering faster than expected: forecast

  1. According to the Spring 2021 edition of the IMF's Word Economic Outlook, the global economy is projected to expand at a rate of 6 percent in 2021, up from the 5.5 percent growth rate projected in January, due to the faster-than-expected recovery of advanced economies
  2. The European Commission has revised Romania's 2021 economic growth forecast upward to 7.4% under the summer forecast released on July 7. This is a significant adjustment of 2.3pp from the 5.1% predicted in the previous forecast for May. In a statement, the Commission exceeded expectations for spring as economic performance in the first quarter of
  3. BRUSSELS, May 12 (Xinhua) -- The economy of the 27-member European Union (EU) will grow by 4.2 percent in 2021 and 4.4 percent in 2022, higher than previous estimates, the European Commission said Wednesday in its Spring Forecast. The higher economic forecasts come as the vaccination rollout speeds up across the EU, resulting in a more.
  4. The Spring 2020 Economic Forecast of the European Union projects that the Euro area economy will contract by a record of 7.75% in 2020 and grow by 6.25% in 2021. The total EU economy is expected to contract by 7.5% in 2020 and grow by around 6% in 2021. The shock to the EU economy is symmetric in that the pandemic has hit all Member States, but.
  5. The European Commission has revised its forecast for Romania's 2021 economic growth upward to 7.4%, under the Summer Forecast published on July 7. It is a significant 2.3pp adjustment from 5.1%.
  6. Europe's economic outlook has been clouded by the Delta variant. Virus cases are surging, governments are returning to economic restrictions and the post-pandemic recovery now seems further away.
  7. The European Commission may increase its growth forecast for the euro zone for 2021 when it issues new economic projections in May, bringing them closer to the International Monetary Fund forecast.
EU economy to expand, bouncing back from pandemic crisis

2021-05-19t13:00:00 - 2021-05-19t14:00:00 America/New_York During this members-only webinar, hear a lively debate between leading economists and analysts who participated in the Real Estate Economic Forecast survey as they explain or defend their opinions a role in the general economic downturn and impacted oilseeds' markets since March 2020. The outlook for marketing year (MY) 2020/21 is highly uncertain and depends upon the re-opening of the above-mentioned sectors and the recovery of the economy. Effective January 1, 2021, the separation of the United Kingdom (UK) from the European Union. TEMPE, Ariz., May 18, 2021 /PRNewswire/ -- The economic recovery in the U.S. will continue for the rest of 2021, say the nation's purchasing and supply executives in the Spring 2021 Semiannual. Configureer nu en vraag een proefrit aan in de elektrische Dacia Spring, vanaf € 17.890,-. Voordelig, robuust, ruim én elektrisch. De nieuwe Elektrische Dacia Spring

Summer 2021 Economic Forecast: Reopening fuels recovery

Europe's Economic Outlook Clouded by Delta Variant - The

- having regard to the Commission's European Economic Forecast: Spring 2021 (Institutional Paper 149) of May 2021, - having regard to the Commission communication of 2 June 2021 entitled 'Economic policy coordination in 2021: overcoming COVID-19, supporting the recovery and modernising our economy' (COM(2021)0500) Since 2015, Deloitte has conducted the European CFO survey, giving voice twice a year to senior financial executives from across Europe, providing an overview of business sentiment and expectations for investments and hiring. The data for the Spring 2021 edition was collected in March 2021 and garnered responses from 1,559 CFOs from a wide. About the European CFO Survey. Since 2015, Deloitte has conducted the European CFO survey, giving voice twice a year to senior financial executives from across Europe, providing an overview of business sentiment and expectations for investments and hiring. The data for the Spring 2021 edition was collected in March 2021 and garnered responses. On January 27th Peter Altmaier, the German economy minister (pictured), slashed his forecast for economic growth for 2021 from 4.4% to just 3%. Leading economic research institutes, which in.

Eurozone economy set to rebound faster than previously

  1. we now expect the European economy to contract significantly in Q4. These revisions have brought down our 2021 global GDP forecast to 6.0% (vs. consensus of 5.2%) and the near-term risks remain on the downside. n But just as the global economy rebounded quickly (albeit partially) from the lockdowns in the spring, we expect the current weakness.
  2. Mid-Year Outlook 2021 8 We expect the European economy will reopen this year, a few months behind the United States. Pfizer will deliver 600 million vaccine doses to the continent, and case growth seems to be slowing. Equity valuations look attractive. European earnings expectations are still about 10% below pre-pandemic levels, an
  3. The ifo Institute publishes the ifo Economic Forecast for Germany four times a year and the ifo Economic Forecast for East Germany and Saxony twice a year.ifoCAST generates forecasts of current German GDP with the help of a statistical model that works with historical correlations. Since the German economy is closely intertwined with the world economy and in particular with the European.
  4. Read BlackRock's 2021 Midyear Outlook on the economic restart Read BlackRock's 2021 Midyear Outlook on the economic restart. 2021 MIDYEAR GLOBAL OUTLOOK The powerful economic restart is broadening, with Europe and other major economies catching up with the U.S. We expect a higher inflation regime in the medium term - with a more muted.
  5. imize the longer-term impact of the COVID-19 pandemic and to facilitate a greener and more inclusive recovery
  6. EC European Economic Forecast Spring 2021 (next release Autumn 2021)and BPN March 2021 (next release June 2021). *** Average of the credit institutions which participate in the «Belgian Prime News». (1) This series corresponds with the results of the Labour Force Survey (LFS. Population older than 15 years). monthly adjusted by using the.
  7. Global growth is projected at 6% in 2021, moderating to 4.4% in 2022. The projections for 2021 and 2022 are stronger than in the October 2020 WEO. The upward revision reflects additional fiscal support in a few large economies, the anticipated vaccine-powered recovery in the second half of 2021, and continued adaptation of economic activity to subdued mobility

EU economic forecasts May 2021 - CNB

  1. The Commission's view is that fiscal policy needs to remain supportive in 2021 and 2022. The current forecasts also foresee the continued activation of the Stability and Growth Pact's general escape clause in 2022 and its deactivation in 2023. However, the European Commission's spring economic forecast will have to be released before final.
  2. wiiw Spring Forecast 2020-2022 for Central, East and Southeast Europe - Demio. wiiw will present its latest economic forecasts 2021-2023 for 23 countries of Eastern Europe, with a detailed analysis of the current economic situation and most relevant trends
  3. MAGNA GLOBAL ADVERTISING FORECASTS - JUNE 2021 June 13, 2021 // Press Releases GLOBAL ECONOMIC RECOVERY BRINGS RECORD AD MARKET GROWTH. KEY FINDINGS. Global advertising spending will grow by $78bn in 2021 (+14%) to $657 billion, a new all-time high, following a decline of -2.5% in 2020
  4. The dividend of these unprecedented policy measures is beginning to be seen, with the European Commission's Spring 2021 Forecast (published 12 May) demonstrating clear signs of recovery in the European economy. There has been significant upward revision to growth prospects, with +4.2% growth now expected for 2021 (instead of the +3.8%.
  5. The Greek economy is expected to expand by 4.3 percent this year and 6 percent in 2022, according to the European Commission's Summer 2021 Economic Forecast released on Wednesday.. In its 2021 interim report, the Commission revised upward its outlook for Greece compared to May, when it forecast 4 percent growth in 2021 and the same percentage in 2022. . The Greek government has projected a.
  6. Nonetheless, the Commission forecast a rebound of 6.1% in Italian GDP for 2021. France and Spain are also expected to face significant economic contractions this year. Brussels now projects a drop.
  7. Growth in 2021 is expected to be modest at +1.5%, but a strong recovery is forecast to begin in 2022 with 11.3% growth. In light of the collaboration between CECE and the European Rental.
Statista: EU Spring 2020 Economic Forecast - Insights

The economies of EU countries will shrink by 7.4% this year as the coronavirus crisis is set to cause the worst recession in the bloc's history, according to the European Commission's spring. We see no reason to doubt the Bank of Canada's 2021 forecast of 6.5% GDP growth, which would be the fastest annual rate since 1973. The revival of the domestic economy and the continuation of the.

HIC-vijesti-newsLa nueva normalidad: el verdadero reto – Magnus Commodities

The forecasts predicted that GDP growth in the eurozone would reach 3.8% in 2021 and 3.7% for the entire group of 27 member states — including those countries not using the euro MARS revised up its forecast of the 2021 EU total barley yield, including spring barley, to 4.89 t/ha from 4.86 t/ha expected in April. That was mainly due to a rise in the winter barley yield. Eastern Europe is projected to expand 1.9% in 2021 and 2.8% in 2022, as the recovery is constrained by geopolitical tensions, subdued domestic demand, and structural weakness. Growth in Central Asia is forecast to recover to 3.7% in 2021 and 4.3% in 2022, supported by a modest rise in commodity prices, relaxation of production cuts among major.

Europe and Central Asia Economic Update, Spring 2021 : Data, Digitalization, and Governance World Bank (2021-03-30) Governments play a critical role in the economies of Europe and Central Asia, where government expenditures are close to 40 percent of gross domestic product and the public sector accounts for nearly 27 percent of total employment. The European Commission on Thursday trimmed its forecast of usable production of common wheat in European Union's 27 member countries in 2021/22 to 125.8 million tonnes from 126.2 million. We see no reason to doubt the Bank of Canada's 2021 forecast of 6.5% GDP growth, which would be the fastest annual rate since 1973. The revival of the domestic economy and the continuation of the global recovery are favourable conditions for cyclically oriented Canadian equities, particularly relative to the U.S The Ifo Institute has lowered its forecast for economic growth for Germany in 2021 to 3.3% from 3.7% forecast in March, because of bottlenecks in the supply of intermediate products The winter 2021 economic forecast projects that the EU economy will grow by 3.7% in 2021 and 3.9% in 2022 as the impact of tougher lockdown measures at the start of 2021 give way to a vaccine.

EU: Economic contraction will be worse than expected TheHil

The UK is also forecast to be severely hit, with a shrinkage of 10.3 per cent this year and a recovery of 3.3 per cent in 2021 and 2.1 in 2022, which is a slower rebound than other states Emerging markets outlook - Spring 2021. by Laurence Bensafi Mar 15, 2021. Emerging-market equities delivered strong overall gains in 2020. However, the returns came from a limited number of markets, with only seven of 27 countries in positive territory. Many emerging-market country indexes fell 10% to 20% over the past 12 months Key features of the European Commission's Winter 2021 interim forecast. Maarten Verwey, Milan Vyskrabka, Philipp Pfeiffer 15 February 2021. The breakthroughs in vaccine development in the autumn of 2020 and the start of mass vaccination campaigns in 2021 brightened the near-term outlook for the EU economy. However, hopes of a quick recovery.

The European Commission has raised its forecast for Cyprus' economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast. This brings Cyprus closer into line with the latest. What will the economy be like after the COVID-19 pandemic? CSUF economists Anil Puri and Mira Farka polish the crystal ball in their 2021 Spring Economic Forecast, looking at the national, Southern California and Orange County economies German economist panel cuts 2021 growth outlook to 3.1%. Two women go to a train at a station in Oberursel near Frankfurt, Germany, as rain falls on early Monday, March 15, 2021. (AP Photo/Michael Probst) BERLIN (AP) — The German economy — Europe's biggest — will grow by 3.1% this year, the government's panel of independent economic. European real GDP is now projected to contract by 7 percent in 2020, its biggest decline since World War II, followed by a rebound of 4.7 percent in 2021. But the recovery's strength will depend crucially on the course of the pandemic, people's behavior, and the degree of continued economic policy support. While the lifting of lockdowns led.

Virus restrictions deal European economy lesser blow than in spring 'Lockdown of fun' hits services industry but manufacturing and work remain resilient People sit in front of a closed. The resurgence of the pandemic and renewed lockdowns have slowed the recovery of the global economy, but the overall losses will be less severe than after the first coronavirus wave in spring 2020. Industry in particular continues to develop well. In contrast, retail trade and personal services have been heavily affected, especially in hard-hit regions such as Europe Economy. Economic forecasts made early on in the coronavirus pandemic turned out to have been overly pessimistic for 2020 and, to an extent, 2021, the Bank of Estonia (Eesti Pank) says, and were based on some unfounded assumptions. While the early stages of the pandemic in spring 2020 may have represented uncharted waters, lessons can be drawn. BUCHAREST (Romania), July 7 (SeeNews) - The European Commission said on Wednesday that Romania's economy is expected to expand by a real 7.4% in 2021, as compared to 5.1% growth rate projected in May. The growth of Romania's gross domestic product (GDP) in 2022 is forecast at 4.9%, the same as in the spring projection, the Commission said in. Global growth for 2018 is estimated at 3.7 percent, as in the October 2018 World Economic Outlook (WEO) forecast, despite weaker performance in some economies, notably Europe and Asia. The global economy is projected to grow at 3.5 percent in 2019 and 3.6 percent in 2020, 0.2 and 0.1 percentage point below last October's projections

Denmark's Winter Lockdown Prompts 2021 Growth Outlook Cut. By. Morten Buttler. April 28, 2021, 11:17 PM PDT Updated on April 29, 2021, 4:28 AM PDT. GDP forecast cut to 2.1% for 2021, raised to 3. In its winter interim economic forecasts, the European Union's executive body predicts that growth in the 19 nations using the euro will reach 3.8% this year and next after a 6.8% drop in 2020. Growth in the wider 27-nation EU is predicted to hit 3.7% this year and 3.9% in 2022 following last year's 6.3% slide

EU economy to expand, bouncing back from pandemic crisi

Real estate economists predict markedly improved U.S. economic and property market conditions over the next three years, 2021 to 2023, compared with the forecast of six months ago, according to the spring ULI Real Estate Economic Forecast This seasonal climate summary draws from a variety of scientific resources for the benefit of policymakers, practitioners, residents, and community leaders in the Mid-Atlantic region, with a focus on the Chesapeake Bay watershed. This edition includes details on spring 2021 weather, regional climate trends, and the upcoming summer season Read the Spring 2021 issue now. Deloitte Insights app. The rebound in the United States is stronger than the rebound in the European Union due to slow vaccine deployment in the latter. United States Economic Forecast—1st Quarter 2021, Deloitte Insights, March 16, 2021 The International Monetary Fund (IMF) has just released its July 2021 Article IV Consultation. This webinar will address the report in the context of the impact of the Covid-19 pandemic on the Saudi economy and assess the government's policy response. With lasting effects from the pandemic and lower oil prices through early 2021, fiscal pressure increased and heightened the pace of some. LATEST ECONOMIC DEVELOPMENTS AND OUTLOOK. There are clear signs of an economic rebound in South Asia. Regional growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, climbing from a historic GDP decline of 5.4 percent in 2020. Per-capita income in South Asia is expected to revert to its pre-COVID levels by 2022

Stock Exchange Day on Wednesday, 7th July, 2021Coronavirus hits Greece's economy the most in the EU

World Bank Global Economic Prospect

The last Article IV Executive Board Consultation was on August 30, 2019. Listed below are items related to Guyana For more information, contact media@uli.org or call Justin Arnold at 202-448-8717. WASHINGTON (October 28, 2020) - The Urban Land Institute's latest Real Estate Economic Forecast predicts economic growth from 2021-2022, and less of a slump for the rest of this year than was previously expected six months ago.. The ULI report's conclusions are based on a September-October survey of 43.

EC forewarns of 'severe socio-economic consequences' inEU forecasts 'recession of historic proportions' in 2020