EU Commission revises up estimates for Eurozone growth and inflation

Raises forecast for Euro\zone GDP growth to 4.8% in 2021 from 4.3% to 4.5% in 2022 from 4.4% seen in May.

Expects euro zone inflation at 1.9% in 2021, 1.4% in 2022.

Raises forecast for Germany’s GDP growth to 3.6% in 2021 from 3.4% to 4.6% in 2022 from 4.1% seen in May.

Raises forecast for France’s GDP growth to 6.0% in 2021 from 5.7%, confirms estimate of 4.2% growth in 2022.

Raises forecast for Italy’s GDP growth to 5.0% in 2021 from 4.2% previously estimated, cuts forecasts for 2022 growth to 4.2% from 4.4%.

more to come ...