Trademagazin > News and articles > Market News > EU forecast: Increased uncertainty over new pandemic hurts economic recovery
EU forecast: Increased uncertainty over new pandemic hurts economic recovery
Presenting the forecast, Economic Policy Commissioner Paolo Gentiloni said that the economy of the European Union as a whole will shrink by 7.4 percent this year, reaching 4.1 percent increase in 2021 and 3.0 percent increase in 2022.
The eurozone economy is projected to shrink by 7.8 percent in 2020, and 4.2 percent in 2021 and 3 percent in 2022. Neither in the euro area nor in the EU is economic performance expected to return to pre-pandemic levels by the end of 2022.
Related news
Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >Hungary has been in the EU for 20 years: how has foreign trade changed?
On May 1, 2004, ten new states joined the European…
Read more >European fruit and vegetable growers joined together for European products
European fruit and vegetable growers joined together and launched a…
Read more >
More related news >
Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Domestic businesses are planning cautiously but consciously – VOSZ Barometer business sentiment analysis – Q1 2024
Uncertainty is still strongly felt in the business mood of…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >