Eurogroup President: Despite the challenges, the economic recovery continues

“Despite the challenges, the economic recovery continues,” Eurogroup President Pascal Donahue said on Monday after a meeting of eurozone finance ministers in Brussels.

“The eurozone has good recovery potential, largely reflecting our successful vaccination program as well as our timely and effective policy response,” Donachio said, noting that for three consecutive quarters, growth in the eurozone has returned to pre-pandemic levels. He noted, however, that the pandemic remains a challenge for health systems, as infections are on the rise across Europe. He also noted that inflation, due to rising energy prices is a little more “persistent” than expected, but is expected to ease in 2022.