This week brought further evidence that the early stages of the euro-zone’s economic recovery looked remarkably V-shaped. But the rebound will lose pace in the second half of the year and we think it will be a long time before GDP returns to its pre-crisis level. Looking ahead to next week, on Thursday the ECB looks set to leave policy unchanged but to emphasise its willingness to do more if needed. And EU leaders will discuss the proposed Recovery Fund on Friday, with national governments still in disagreement about what form any joint fiscal support should take.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services