European Recession Forecast For 2020

Zero Hedge: Deep European Recession Forecast For 2020

In its Summer Forecast published today, the European Commission downgraded its own projection from earlier in the year, making for an even grimmer outlook for the EU economy in 2020. The -7.4 percent contraction originally expected has been reassessed to -8.3 percent.

In the EC press release, the following context was given:

"The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Because the lifting of lockdown measures is proceeding at a more gradual pace than assumed in our Spring Forecast, the impact on economic activity in 2020 will be more significant than anticipated."

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WNU Editor: This forecast does not take into consideration of a second coronavirus wave.

Syrian President Bashar al-Assad’s Family Is Fleeing Syria

Aniseh Makhlouf, the widow of late president Hafez al-Assad, is believed to be in her late seventies. (Al Arabiya)

Defection Of Assad’s Mother Seen As Sign Of Regime Falling Apart -- Al Arabiya

President Bashar al-Assad’s mother Aniseh Makhlouf and other members of his inner circle have fled to the United Arab Emirates as the regime of the embattled president appeared to disintegrate, recent reports confirmed.

Aniseh has joined her daughter, Bushra, who had previously fled to Dubai, the London-based Asharq al-Awsat quoted Robert Ford, U.S. ambassador to Syria until the break of the relations between the two countries.

Aniseh, the widow of late president Hafez al-Assad, is believed to be in her late seventies.

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My Comment: They know that it is only a matter of time before everything collapses .... best to be somewhere safe and secure when it all happens.

News Updates For January 20, 2009 (Evening)

President Barack Obama walks down Pennsylvania Avenue with his wife Michelle Obama on their way to the White House in Washington Tuesday, Jan. 20, 2009. (AP Photo/Alex Brandon)

Presidential popularity polls ... a history chart that looks at U.S. Presidents' job-approval ratings.

Wall Street falls on worries that the financial crisis is getting worse. Some believe that Britain is already broke.

On his first full day, President Obama will dive into foreign policy. Many are hoping that he will provide a fresh look at Afghanistan.

Pakistan leashes its Army on Taliban controlled regions.

The war continues in Sri Lanka. More news here and here.

Guantanamo judge hints at changes under President Obama.

Russians are shocked on the double murder of a top human rights lawyer and a journalist in Moscow.

Russia resumes gas flow to Ukraine and Europe ... Turkey hopes to be EU energy hub after gas crisis.

Talks in Zimbabwe have collapsed. There is hope that a regional summit may break the deadlock .... but many are skeptical.

Hamas holds victory rallies as UN chief tours Gaza. But many are not happy. Israelis are also not cheering. Arab summit to address the conflict ends in discord.

Security developments in Iraq for January 20, 2009