EU economy will contract 7.5% this year in worst economic shock since Great Depression

The coronavirus pandemic will plunge most of Europe into its worst recession since the 1930s, according to a grim forecast released by the European Commission (EC). Brussels has had to abandon any hope of growth for both the EU and euro area in 2020, as the economies are set to contract by 7.5 and 7.75 percent respectively, according to this[Read More...]
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