Households in 2020, is parents who need to care for their children because of remote school and aftercare.34 We have also seen a wave of retirements by older workers in the past year.
The rise in the cost of energy is currently driving overall prices up, while at the same time putting the brake on the economy. The outlook and forecasts in the euro area for this year have had to be adjusted. Industrial output and capacity utilisation have already declined somewhat. Surveys show that industrial sentiment, in particular, has become far more gloomy.