Eurozone Economic Outlook Report – Q2 2021
After an unprecedented collapse of economic activity in 2020 amid an extremely fatal and highly transmissible outbreak of novel coronavirus disease, the Eurozone economy started the new year on a weak footing. The resurgence of infection rates in autumn and the renewed burden on healthcare systems led the governments to impose tough containment measures to prevent the spread of the virus. Consequently, Eurozone fell into a technical recession as the GDP declined in the fourth quarter of 2020 (-0.7%, q-o-q) as well as in the first quarter of this year (-0.6%, q-o-q).
However, learning effects have enabled the Euro area to be less sensitive to confinement measures compared to the initial shock of the pandemic. Households and businesses managed to adjust better to the pandemic, while authorities introduced more efficient measures. Additionally, steady progress on vaccination rates allowed governments to start unwinding stringent containment measures. The near-term economic outlook for the Euro area looks stronger than expected last winter. GDP is now forecast to grow by 1.8% (q-o-q) in the second quarter of 2021, followed by a further surge of 1.4% (q-o-q) in the third quarter, mainly driven by private consumption, investments, and increasing demand for exports from a flourishing global economy. Overall, Eurozone's GDP is expected to rise by 4.1% in 2021.
Founded in 2002, VRS (VALUATION & RESEARCH SPECIALISTS) - VRS INTERNATIONAL S.A. is an independent Financial Research & Consulting Firm with offices in Luxembourg, Toronto and Athens, and with senior presence in the broader European and North American markets, providing advanced equity research and valuation reports as well as value-related advisory services and credit rating services to local and international institutions, business entities and individual clients.
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VRS has worked with over 200 companies in Europe and North America in financing, private placements, initial public offerings, business acquisitions and mergers.
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