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Euro-Area Outlook Raised by EU With Warning on Inflation

  • Growth forecast for 2021 increased to 4.8% from 4.3%
  • New virus variants, consumer-price outlook seen as key risks
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EU Lifts 2021 Euro-Area Growth Forecast to 4.8%
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European Union officials markedly raised their outlook for the euro-area economy and said there’s a higher risk of inflation taking hold as loosening virus restrictions allow demand to snap back.