Skip to main content

Q4 contraction before fairly quick rebound in 2021

Following the flurry of positive news on vaccines, we have revised up our economic forecasts for 2021 and 2022. Among the major economies, we think that Germany will be the standout performer. Spain should rebound quickly next year, but will take longer to regain is pre-coronavirus level of activity. We will discuss our new forecasts in more detail in a webinar next week.
Webinar Invite: The European outlook – From lockdowns to vaccines Thursday, 3 December Chief Europe Economist Andrew Kenningham will lead this special briefing with colleagues Jessica Hinds, Jack Allen-Reynolds and David Oxley to discuss Europe’s economy under lockdown. The team will preview the ECB’s December meeting, assess Sweden’s attempts to control the pandemic, and look ahead to the potential economic impact of vaccines in 2021. Complimentary registration here.

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


Get access