The euro area faced challenges with regard to continuous global economic recovery. After GDP declined by 6.6% in 2020, the region faces difficulties in achieving a permanent recovery.
In fact, the recent estimates of GDP indicate that the EU has done in a double recession, growing growth on a quarterly basis for two consecutive periods in the fourth quarter 2020 and the first quarter of 2021.
The EU has suffered from several new (new Kovid-19) cases, slow vaccination campaigns, delayed in adoption and dissemination of financial policy investigators.
First, "First, after months of uncertainty and continuing political discussions on approvals for vaccines and their supply agreements, the EU Member States have finally begun to mobilize resources for mass vaccination campaigns . Many vaccines have been approved by major European regulators, and the process of granting new doses began rapidly in some countries.
"According to the accompanying managers made by (HIS Market), a leading activity monitoring index, the eurozone manufacturing activities have been expanding since July 2020 , With great acceleration during recent months. In contrast, the Purchasing Managers for the services sector in the deflation area from September 2020 to March 2021, remained pre-penetrated by the expansionist (above 50 points) last month.
With the continued acceleration of comprehensive vaccination in the EU ...
