Economic policies in the euro area The continuation of the pandemic and the effects of uncertainty on consumer demand and investment decisions are still holding back economic activity in the euro area. Net of temporary factors, price changes remain very moderate.
GDP growth is expected to regain momentum in the second half of the year and, according to the latest estimates, to exceed 4 per cent on average in the two years 2021-22, after contracting by 6.6 per cent in 2020.