More from UN DESA - October 2021

The euro area’s economic pulse is coming back

The global pandemic has left deep scars on economies across the globe. This is certainly true for the euro area, which saw widespread lockdowns after the outbreak of the pandemic in the spring of 2020. As a response, a host of fiscal policies provided strong support across economies, and monetary policy has been maintaining a very accommodative stance. These have been major factors in the economic recovery of the euro area and the most recent bank lending survey by the European Central Bank is confirming a picture of vigorous economic revival.

It is time to build forward together

The COVID-19 pandemic that continues to grip the world has caused over 3.7 million deaths and is reversing decades of progress in the fight against poverty. It is a matter of fact that the impact of the coronavirus has been the hardest on people who - for generations - have lacked equal access to public goods and services, quality healthcare systems and strong social protection, making it harder to cope with global crises.