The easing of the severe supply-chain bottlenecks that brought the eurozone’s industrial recovery to a standstill in early 2021 will be gradual, with setbacks along the way very possible. But we see signs that the worst is over and we expect eurozone industrial production to grow a strong 4% in 2022. This year’s laggards – Germany and the auto sector – are likely to outperform.
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Topics: Forecasts, Manufacturing, Europe, Eurozone, Economic outlook, Coronavirus, Industry, Productivity, Recovery, Coronavirus vaccine, Growth, Germany, Pandemic, Economic recovery, Supply chain, Outlook, Supply and demand, Automotive