The International Monetary Fund (IMF) has slightly increased its 2021 growth forecast for the eurozone in its “outlook” published this Tuesday, to 4.4%, as Europe is expected to benefit from the effects of the American recovery plan in response to the pandemic.
The forecast for the eurozone surpasses the one published in January by 0.2 percentage points, but the growth of the US Gross Domestic Product is expected to rise by 6.4% this year, a revision upwards by 1.3 points.
“These differences can be explained by variations in public health policies in response to the pandemic, the flexibility and adaptability of economic activity to low mobility, pre-existing trends, and structural rigidities prior to the crisis,” notes the international organization.
France is expected to achieve a growth of +5.8% (+0.3 points compared to January).
Among other eurozone countries, Germany is expected to see growth of 3.6% (+0.1 points compared to January), Italy +4.2% (+1.2 points), and Spain +6.4% (+0.5 points).
