Euro area: the Impact of economic containment is more severe than what we had expected

The euro zone's GDP is expected to fall from 8.7% in 2020, before rebounding in 2021 (+6,1 %), according to figures published Tuesday by the european Commissio

Euro area: the Impact of economic containment is more severe than what we had expected

The euro zone's GDP is expected to fall from 8.7% in 2020, before rebounding in 2021 (+6,1 %), according to figures published Tuesday by the european Commission, more pessimistic than at its last forecast in early may.

" The economic impact of the confinement is more severe than we had originally planned. We continue to sail in troubled waters and are facing many risks, including a new major wave of infections, " the Covid-19, - has explained the vice-president of the european Commission, Valdis Dombrovskis, was quoted in a press release.

Date Of Update: 07 July 2020, 09:35
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