EU to witness deepest recession in history following COVID-19 pandemic
- 4 years ago
EU "유럽, 올해 대공황 이래 전례 없는 침체 전망"
The European Union's economy is on track to contract by 7-point-4 percent this year following the global COVID-19 pandemic,... shrinking at a higher rate than during the Great Recession in the 1930s.
The European Commission said Wednesday that investment is expected to collapse while unemployment rates and deficits are to skyrocket.
It forecasts that Italy, one of the hardest hit countries of the virus,... will see its economy shrink by 9.5 percent,... while significant damage is also expected for Spain and Greece, countries that depend heavily on tourism.
Unemployment in the 19 eurozone countries will increase to 9-point-6 percent this year,... and slowly decline to 7-point-9 percent in 2021.
The European Union's economy is on track to contract by 7-point-4 percent this year following the global COVID-19 pandemic,... shrinking at a higher rate than during the Great Recession in the 1930s.
The European Commission said Wednesday that investment is expected to collapse while unemployment rates and deficits are to skyrocket.
It forecasts that Italy, one of the hardest hit countries of the virus,... will see its economy shrink by 9.5 percent,... while significant damage is also expected for Spain and Greece, countries that depend heavily on tourism.
Unemployment in the 19 eurozone countries will increase to 9-point-6 percent this year,... and slowly decline to 7-point-9 percent in 2021.