ECB forecasts 2021 GDP +4.0% vs +3.9% in December

The latest forecasts from the ECB

• Prior 2021 forecast +3.9%
• 2022 GDP +4.1% vs 4.2% prior
• 2023 GDP +2.1% vs 2.1% prior

This is virtually unchanged.

She adds that risks have become more balanced but downside risks are higher in near-term.