Editorial : Monetary policy supporting sustainable economic recovery and a brighter outlook for inflation

Abstract

Growth in the euro area economy is expected to be brisk this year and in 2022 as economies are opened up, strong support is provided by economic policies and the global economy recovers. The rebound from an exceptionally severe and sudden crisis has been quick. The COVID-19 pandemic is not over yet though, and the spread of the Delta variant appears to have dampened the upward economic trend over the summer. But in developed economies with a high vaccination coverage the impact is not expected to be prolonged or of great significance.