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S&P Global lifts euro zone growth, inflation forecasts
Reuters reports that S&P Global lifted both its euro area economic growth and inflation forecasts for this year.
The ratings agency said that Europe's economic recovery since lockdown restrictions were lifted in March-April had been "surprisingly strong," leading it to raise its growth forecasts to 5.1% for the current year, from 4.4% previously.
S&P Global also revised up its inflation forecast for this year to 2.2% from 1.8%.
"However, we continue to see inflation decelerating below the ECB's target next year on the back of subdued wage development and falling growth momentum," S&P said.
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