ECB raises eurozone growth and inflation forecasts

Inflation forecast for this year was raised sharply, mostly because of higher commodities prices, production bottlenecks and a surge in consumption

ECB president Christine Lagarde said the eurozone was on track for strong growth in the third quarter of this year and that the ECB sees economic activity at its pre-pandemic level by year-end. File picture

The ECB has raised its growth and inflation projections for this year and beyond as the eurozone economy recovers from the Covid crisis more quickly than expected.

ECB president Christine Lagarde said the eurozone was on track for strong growth in the third quarter of this year and that the ECB sees economic activity at its pre-pandemic level by year-end.