The Guardian: Europe faces deep recession and UK will shrink by 10%, says EC
Gloomy forecast comes 10 days before EU leaders meet to discuss €750bn recovery plan
Europe is facing a deeper-than expected recession in 2020, while the UK economy is forecast to shrink by almost 10% this year, the European commission has said.
Brussels is forecasting an 8.3% drop in GDP for the 27 economies of the European Union in 2020 followed by a 5.8% rebound in 2021. The eurozone is forecast to contract by 8.7% this year, with 6.1% growth in 2021. Both are worse declines and weaker rebounds than the historic downturn that the commission had forecast in May.
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More News On The EU Facing Its Worse Recession Since The Second World War
EU cuts economic forecasts for the region, now projecting a 8.3% slump this year -- CNBC
Eurozone economy to plunge 8.7% this year after hit from Covid-19 -- France 24
EU faces deeper recession than expected: European Commission -- DW
Updated EU forecast projects greater declines in 2020 before rebound -- UPI
Europe's recession will be even deeper than expected -- CNN
1 comment:
So when will China pay for all this and how?
They still owe us trillions and trillions in patent and ip theft, copyright and trademark violations
On top the scores of dead people
On top all the suicides
On top all these people who were traumatised by this
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