Quaterly Economic Report Q2 2021

Since early 2021, the health situation has continued to be poor in the Principality, as in neighbouring countries. Nevertheless, its control since the beginning of the year has been based on the implementation of the vaccination campaign and on the continuation of most health measures.

The economic situation in the first half of 2021 is therefore very different compared to 2020. It is vital for this comparison to take into account these dissimilarities and the impact of the lockdown that lasted for a quarter of the first half of 2020, causing a significant fall in most indicators. Therefore, if the analysis against 2020 is relevant to measure the recovery of the economy after these periods of fragility, it seems equally important to also compare the current situation with the year 2019, before the crisis, to qualify this rebound.

For further information, download Bulletin of the Economy for the second quarter of 2021.