Eurozone set for deeper recession in 2020, says European Commission
Commission revises its previous forecasts because the lifting of Covid-19 lockdown measures moving less swiftly than hoped
07 July 2020 - 20:29
Brussels — The eurozone economy will drop deeper into recession in 2020 and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the Covid-19 pandemic.
The downbeat assessment of Europe's economy comes amid concern the US recovery may also be faltering as a surge of new coronavirus infections prompts states to delay and in some cases reverse plans to let stores reopen and activities resume...
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