Report: Western Europe Economic Outlook
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Report: Western Europe Economic Outlook

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The Western European economy entered 2021 on a feeble footing, with the second wave of the Covid-19 pandemic having triggered the reimposition or tightening of lockdown measures across many countries in Q4 2020.

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The Western European economy entered 2021 on a feeble footing, with the second wave of the COVID-19 pandemic having triggered the reimposition or tightening of lockdown measures across many countries in Q4 2020. Despite the launch of vaccine rollouts, the region’s economic recovery is now being threatened by a third wave of the pandemic. Nevertheless, with vaccine programmes progressing and government policy measures continuing to support households and firms, the regional economy is expected to grow by 4.5% in 2021, following an estimated contraction of 6.8% in 2020.

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