The European Union’s latest economic forecast projects that the bloc's economy will contract further than expected because of the coronavirus pandemic.
The Associated Press
The 27-nation EU economy is predicted to contract by 8.3% this year, before growing 5.8% in 2021, according to the latest predictions released Tuesday. In the previous forecasts released in May, when most of the continent was under lockdown, the bloc’s GDP was forecast to contract by about 7.5% this year, and to bounce back by 6% in 2021.
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