BRUSSELS, (Reuters) – The Eurozone’s finance ministers will likely remain positive about the prospects for growth when they discuss the latest developments Monday. This is because the economic system has learned how to cope with the pandemic in the past two years, officials stated.

Economists have raised concerns about the possibility that the European economy will be subject to more control after an exciting ride from the beginning of 2020.

However, a top official who was involved in the preparations of the meeting said that the new version raised some uncertainty but didn’t change the overall picture.

The official stated that “the big picture is that economic outlook remains favorable.” He said that the growth in the second- and third quarters was fast and recovery will continue. The official added that the IMF is also optimistic regarding the recovery as a whole in its latest report.

In November, the European Commission predicted that the economy of eurozone would expand faster than expected in this year’s forecast, and will continue to grow strongly through 2022. Public debt and deficits are falling.

After a 6.4% decline in 2020, the Eurozone’s gross domestic product will grow by 5.0% next year. The growth rate is 4.3% for 2022 and 2.4% for 2023.

According to the official, “I think that there is an overwhelming expectation that we don’t overestimate the current situation with pandemic difficulties” and that the world will adjust to the supply demand imbalances.

Official added that the economy had been responding to the pandemic by becoming more resilient through the continuous rollout of vaccines.

The economic actors are able to adapt their work methods to the new pandemic environment. According to the official, pandemic dynamics could have a negative impact on economic prospects, but the consequences are not likely to be as serious as those we’ve seen in the past.

They are likely to also support a recommendation by the European Commission to maintain fiscal policy assistance for the economy in next year’s budget, but with a shift from blanket support for all to focused measures for particular sectors.

Officials from the European Central Bank and IMF see record-breaking euro zone inflation (which reached 4.9% in November) as temporary and have not seen any second-round effects on wages.