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ECB’s Knot Signals Upward Revision to 2021 Growth Forecast
The euro-area economy may expand by more than the 4% currently projected by the European Central Bank this year as savings are unleashed and consumption rebounds, according to Governing Council member Klaas Knot. The Dutch policy maker argued that service-sector activity is reviving in line with the experiences of other countries that were faster at rolling out vaccinations, and that the bloc will likely follow a similar path now that it is catching up. “We can take comfort that the euro area in the coming months will take the exact same trajectory, services will also pick up, we expect more than 4% growth over the ... (full story)