Euro-Area Consumer Confidence Well Above Pre-Crisis Level

Euro-Area Consumer Confidence Well Above Pre-Crisis Level

Consumer confidence in the euro area improved to well above its pre-pandemic levels in June as coronavirus infection rates fell and restrictions began to be lifted across the bloc. The region is on track for a strong rebound in the second quarter, with the European Central Bank foreseeing economic growth of 4.6% in 2021. ECB President Christine Lagarde said this week that monetary and fiscal stimulus must continue “well into the recovery.”

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