EU Lifts 2021 Euro-Area Growth Forecast to 4.8%

The video discusses the European economic outlook, highlighting an inflation increase to 1.9%, close to the ECB's target. Spain, France, and Italy are expected to see significant economic rebounds due to the lifting of restrictions, benefiting the service industry. However, risks remain due to COVID-19 variants, with potential restrictions if cases rise post-summer.

What factors are driving the economic recovery across Europe?

What risks does the Commission mention regarding the economic outlook?