ECB: EU growth picking up sharply in 2022

(ANSA) - ROME, 13 JAN - The recovery of the economy in the euro area, after the current slowdown, "in the course of this year should return to a vigorous recovery". And atrainare would be "a vigorous internal demand" thanks to the improvement of the labor market which should support the income and consumption of families and therefore the demand. The ECB writes in the Economic Bulletin, while representing the risks posed by the trend of the pandemic, bottlenecks in international trade and commodity prices, with inflation that "will remain over 2% for most of 2022 but should" decline over the course of The ECB will conduct government bond purchases through the pandemic emergency program at a slower pace between now and March,when the 'Pepp' is over. However, reinvestments of maturing bonds will be extended "at least until the end of 2024" and "in the event of further market fragmentation related to the pandemic, the reinvestments of Pepp will be able to be flexibly adjusted over time, between the various asset classes and the various countries at any time ". In the Economic Bulletin, the ECB underlines that in the weeks to the end of 2021 the spreads on the German Bund "remained relatively stable in Portugal and Spain, main Italy increased by about 15 basis points in the unexamined period". (HANDLE).in the event of further fragmentation of the market related to the pandemic, the reinvestments of Pepp could be flexibly adjusted over time, between the various asset classes and the various countries at any time. "In the Economic Bulletin, the ECB underlines that in the weeks ending 2021 German Bund "remained relatively stable in Portugal and Spain, main Italy increased by about 15 basis points in the period under review". (ANSA).in the event of further fragmentation of the market related to the pandemic, the reinvestments of Pepp could be flexibly adjusted over time, between the various asset classes and the various countries at any time. "In the Economic Bulletin, the ECB underlines that in the weeks ending 2021 German Bund "remained relatively stable in Portugal and Spain, main Italy increased by about 15 basis points in the period under review". (ANSA).main Italia increased by about 15 basis points in the period under review ". (ANSA).main Italia increased by about 15 basis points in the period under review ". (ANSA).