Macroeconomic outlook: are we back on track?
Summary of the macro outlook based on Commission forecasts and analysis of the global picture.
This podcast episode is part of Bruegels macroeconomic outlook series of The Sound of Economics, in which we bring you regular analysis of all things macro and fiscal policy.
This February, the European Commission published the Winter 2021 Economic Forecast with the estimation of a 3.7% increase in GDP in the EU in 2021. While this means a recovery from the pandemic, economic uncertainty still remains significant.
On the other side of the globe, the Biden administration has announced a $1.9 trillion fiscal package. Would this result in inflation risks? How will this affect European economies? And, what fiscal intervention is needed in the euro area?
, Deputy director of Bruegel, is joined by , Deputy Chief Economist at the Institute of International Finance, , Chief economist at the Centre for European Reform and , senior fellow at Bruegel to discuss the Commission forecast, recent US fiscal package and their insights of the macroeconomics outlook in the EU and globally.
Relevant publications:
Demertzis, M. (2021)
Claeys, G. and M. Demertzis (2021) , Policy Contribution 01/2021, Bruegel
Demertzis, M., M. Dom穩nguez-Jim矇nez and A. Lusardi (2020) , Policy Contribution 2020/15, Bruegel
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