Home > EU > EU heading for 5-10% economic contraction in 2020
Written by Business World, on 24th Apr 2020. Posted in EU
European Union Industry Commissioner Thierry Breton said on Friday the EU was heading this year towards a 5-10% economic contraction due to the new coronavirus outbreak.
"As of today, in the European Union, we're on course for a 5% to 10% (recession), meaning it's about 7.5%. But that is today, and if things don't improve and if we have a second peak (of the outbreak), things could get worse," Breton said on France 2 television. (Reuters)
Source: www.businessworld.ie
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