Keep an eye on the European economy

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Despite being a region facing a new and bigger wave of COVID-19 outbreaks Omicron species The latest World HealthSLOT XOOrganization (WHO) estimates that in about two months, more than half of the European population will be infected. Euro (Eurozone) 19 countries will grow faster than America Although in the near term, the European economy may face some challenges.

Goldman Sachs said the European economy will grow 4.4% this year, the United States 3.5%, next year it will be 2.5% in Europe, compared with the United States, which will grow 2.2%. Two things are: 1. This year, Europe is managing the impact caused by COVID-19. better than last year which until now no country has used a nationwide lockdown method, making it in the first 2-3 weeks of this year Europe could prevent its economy from being too compromised.

Second, the European fiscal policy will continue to relax and facilitate the economy this year. This is in contrast to the United States that will use tight monetary policy to curb inflation after a strong rebound. Eurozone governments are expected to invest large amounts of money in the coming years after agreeing to spend some 750 billion euros on economic injections to mitigate the impact of the coronavirus. This amount began to be used at the end of last year. and will continue throughout this year

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