Services were hit the most by the pandemic
Inflation has rebounded in 2021
Debt to GDP will rise to new highs
Provisions for credit losses had a negative impact on bank profitability
Insolvency regimes vary significantly across euro area countries
Tough containment measures reflected a pervasive spread of the epidemic
The large recession has been highly asymmetric across sectors
The current account surplus remains high, unemployment has started to decrease
The recovery will be robust
The ECB policy rates are at a historical low, and central bank balance sheet liabilities grew considerably