ECB Economic Bulletin: Gradual Economic Recovery Expected in 2024

25 April 2024

By Aurėja Bobelytė – VILNIUS (Econostream) – A gradual economic recovery led by services is expected over the course of 2024, according to the European Central Bank’s latest Economic Bulletin, published Thursday.

‘This recovery is expected to be supported by rising real incomes, resulting from lower inflation, increased wages and improved terms of trade’, the ECB said.

The ECB observed that exports in the euro area should increase amid the recovering global economy, adding that ‘monetary policy should exert less of a drag on demand over time’.

According to the ECB, governments could sustainably bring down budget deficits and debt ratios with the help of the EU’s revised economic governance framework.

‘[A]n effective and speedy implementation of the Next Generation EU programme and a strengthening of the Single Market would help foster innovation and increase investment in the green and digital transitions’, the ECB said.