Economist: A second wave could severely affect the European economy

By: Trademagazin editor Date: 2020. 07. 08. 11:10

If a possible second wave of the coronavirus pandemic were to be similar to the first, it would hit the European economy very hard, economist Halmai Péter emphasized on Tuesday night’s show on the M1 channel.

He added that avoiding this is in the fundamental interest of European nations.
Halmai Péter reminded that according to the forecast published by the European Commission on Tuesday, GDP in the euro area is expected to decline by about 8 percent this year. In critical countries, the rate is over 10 percent. There has been no decline of this magnitude in Europe since World War II, he noted. (MTI)