Thursday, 06 October, 2022

Coronavirus: EU facing ‘deep and uneven recession’

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The European Union faces a deep and uneven recession, in accordance to a new forecast from the EU’s Fee.

The bloc’s executive arm predicts a recovery in 2021 but warns that the uncertainty is exceptionally large.

The Fee predicts a decrease in financial activity this calendar year of 7.5%, and somewhat additional than that for the eurozone.

It warns the final result could be worse if the pandemic turns out to be more time or far more extreme than at the moment envisaged.

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