EU forecast: A deeper economic recession is expected, with wider divergences between member states
Despite a rapid and comprehensive EU and Member State response, the European Union’s economy is plunging into a deep recession this year due to the coronavirus pandemic, and as emergency measures are more restrained than expected, the crisis will have a stronger-than-expected impact on economic activity – the European Comission reported in its summer interim economic forecast published on Tuesday.
Presenting the forecast, Economic Policy Commissioner Paolo Gentiloni said that the eurozone economy is projected to shrink by 8.7 percent this year from a record 7.75 percent in the spring, and then it will increase by 6.1 percent in 2021 instead of the previous 6.5 percent. (MTI)
Related news
Producer prices of broiler chickens and broiler turkeys have increased
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Soybean prices down 13 percent
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Leaked document: EU would tighten while science argues for harm reduction
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Why buy Hungarian? Imported vs. domestic
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Hungarians say food waste is as big a problem as climate change
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Candle exports from Hungary to increase between 2020 and 2024
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >

