You are here

EU economy likely to shrink 1% in 2020 because of coronavirus: Commission

[BRUSSELS] The EU economy is likely to shrink 1 per cent this year as a result of the coronavirus, a European Commission document showed, but officials said internal Commission estimates were more pessimistic and pointed to a recession of even 2.5 per cent.

"The Covid-19 crisis is...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes