The CEPR-EABCN Euro Area Business Cycle Dating Committee deliberated on the 14th of March 2022 to assess the state of euro area economic activity. Real GDP returned to its pre-pandemic level in the final quarter of 2021, despite supply constraints, stringent pandemic restrictions due to the third COVID wave and higher energy prices. Investment and private consumption were important components of recovery, as was government consumption.
DBC
Spring 2022 statement of the Dating Committee on the current state of the economic activity in the euro area.
