What’s up, Europe? - The beginning of a greener and more inclusive recovery?
The beginning of a greener and more inclusive recovery?

  • Recent data indicate the Euro area has entered expansion territory
  • Europe finally takes important steps towards its climate goals
  • Draghi needs to prove that fiscal integration works

In March the Euro area economy stabilized and now the Flash PMI reading for April indicates that growth has returned to Europe. Economic activity is still led mainly by a surge of demand for manufactured goods and the stark divergence between services and manufacturing persists. However, sentiment indicators suggest that services have bottomed out, the pandemic has already dealt its damage to the service sector in full. A modest recovery in service activity is already seen in several of the main countries. This trend will only strengthen in upcoming months. Most of the tourism dependent southern European countries have scheduled the re-opening of its tourism industries for May, once that happens, there should be a pick-up in their economic activity. 

PDF-Document Full report here

For more information please contact

Heidi Schauman, heidi.schauman@swedbank.fi  +358 50 328 1229

Sonja Liukkonen, sonja.liukkonen@swedbank.fi +358 400982159

Vytenis Šimkus, vytenis.simkus@swedbank.lt, +370 687 17870

Nerijus Mačiulis, nerijus.maciulis@swedbank.lt +370 5258 22 37

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