the EU economy shrank by 5.9 percent, and almost all European countries took an economic hit.
The European Union's fastest-growing economy in 2021 was Ireland, with the country's gross domestic product growing by 13.5 percent that year, according to the most recent forecast in 2022. Croatia's economy was expected to have grown by 10.2 percent, with the economy of Malta growing the third-fastest at 9.4 percent. By contrast, the German economy was the slowest growing European economy in this year, with an annual GDP growth of just 2.9 percent in 2021.These fast growth rates contrast with 2020 when Annual gross domestic product growth rate forecast in selected European countries in 2021
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European Commission, & Office for National Statistics (UK). (May 16, 2022). Annual gross domestic product growth rate forecast in selected European countries in 2021 [Graph]. In Statista. Retrieved July 07, 2022, from https://www.statista.com/statistics/686147/gdp-growth-europe/
European Commission, und Office for National Statistics (UK). "Annual gross domestic product growth rate forecast in selected European countries in 2021." Chart. May 16, 2022. Statista. Accessed July 07, 2022. https://www.statista.com/statistics/686147/gdp-growth-europe/
European Commission, Office for National Statistics (UK). (2022). Annual gross domestic product growth rate forecast in selected European countries in 2021. Statista. Statista Inc.. Accessed: July 07, 2022. https://www.statista.com/statistics/686147/gdp-growth-europe/
European Commission, and Office for National Statistics (UK). "Annual Gross Domestic Product Growth Rate Forecast in Selected European Countries in 2021." Statista, Statista Inc., 16 May 2022, https://www.statista.com/statistics/686147/gdp-growth-europe/
European Commission & Office for National Statistics (UK), Annual gross domestic product growth rate forecast in selected European countries in 2021 Statista, https://www.statista.com/statistics/686147/gdp-growth-europe/ (last visited July 07, 2022)