The 2021 EUROFRAME Economic Assessment of the Euro Area report has been released.

Against the backdrop of European economies being in partial lockdown again due to the Covid-19 pandemic, this Euroframe Report presents an assessment of the economic outlook for 2021 and 2022 focused on the euro area based on a synopsis of the forecasts of Euroframe institutes. Overall, EUROFRAME institutes expect that the currently still depressed activity will progressively recover in the course of this year and next, supported by the rollout of vaccines that has finally started. On average, is expected to rise by 4.9 per cent in 2021 and 3.1 per cent in 2021, following a dramatic fall of output by 7.4 per cent last year.  The focus section of the report provides a review of labour market developments and labour market policy reactions to the crisis in the host countries of the EUROFRAME institutes.

The report can be downloaded here (PDF).

Euro Growth Indicator suspended for the time being

In the extraordinary times of COVID-19 spreading over the world and having major health and economic impacts which cannot be tracked with usual short-term indicators, the EUROFRAME group of research institutes has decided to suspend the release of Euro Growth Indicator estimates until further notice.



The 17th EUROFRAME Conference on Economic Policy Issues in the European Union will be held at later date, which will be decided when the situation allows for it.

Due to the situation with respect to COVID-19 it will not be possible to hold the conference "Climate change: economic implications, tools and challenges for policy-makers in Europe" in London at the scheduled date 5 June 2020. A new date for the conference later in the year is being considered and will be announced as soon as possible. At that stage the call for papers will be re-opened, but already submitted papers will be kept for consideration.

The call for papers can be downloaded here (PDF).

Euro Growth Indicator shows accelerating growth for the euro area but risks are downside

The March Euro Growth Indicator suggests strong quarterly growth of euro area GDP at around 0.6 per cent in both the first and the second quarter of 2020. However, the Indicator, is based on February sentiment indicators that do not capture yet the negative economic effects induced by the spread of the coronavirus that are currently unfolding.


More information on this topic on our Euro Growth Indicator section.