The Gross Domestic Product (GDP) of the European Union (EU) fell by 0.3% in the first quarter of 2021. This decline was due to restrictions related to the COVID-19 pandemic. However, compared to the same period last year, the GDP of the EU increased by 1.7%. The GDP of the United States (US) also decreased by 1.3% in the same quarter, primarily driven by a decline in personal consumption expenditure. This economic data reflects the ongoing impact of the pandemic on global economies.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
