EU Faces 'Recession Of Historic Proportions,' Economic Forecast Warns
The response to the COVID-19 pandemic lopped off roughly a third of the EU's economic activity "practically overnight," the European commissioner for the economy says.
by Bill Chappell
May 06, 2020
2 minutes
The COVID-19 pandemic is rapidly driving the European Union into a "deep and uneven recession," with national economies contracting because of widespread disruptions in work, daily life and the movement of goods, the European Commission said Wednesday. The EU economy is predicted to shrink by 7.5% in 2020 — far worse than
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