Comment on European Union forecasts deeper economic hit from pandemic

European Union forecasts deeper economic hit from pandemic

By Samuel PetrequinThe Associated PressBRUSSELS — The European Union’s executive arm forecasts that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The 27-nation EU economy will contract by 8.3% this year, before growing 5.8% in 2021, according to the latest predictions released Tuesday by the European Commission. “The road to recovery is still paved with uncertainty,” EU Economy Commissioner Paolo Gentiloni told reporters in Brussels.Read more on NewsOK.com

 

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