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

BING NEWS:
  • TikTok Faces Mounting Scrutiny in Europe, Too
    Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
    04/22/2024 - 5:59 pm | View Link
  • Hostile Capital Markets and Overregulation Are Risking Europe’s Economic and Energy Security
    There are growing signs of an oil and gas corporate exodus from European capital markets as firms have faced growing financial and policy pressure to pivot away from fossil fuel production. But as ...
    04/22/2024 - 9:19 am | View Link
  • Europe is the fastest-warming continent, at nearly twice the average global rate, report says
    Europe is the fastest-warming continent and its temperatures are rising at roughly twice the global average, two top climate monitoring organizations reported Monday, warning of the consequences for ...
    04/22/2024 - 7:15 am | View Link
  • Strasbourg court’s Swiss climate ruling could have global impact, say experts
    The Guardian reports that last week’s ruling by the ECHR “could open the floodgates for a slew of new court cases around the world”.
    04/14/2024 - 9:43 pm | View Link
  • News updates from April 9: OpenAI and Meta ready new AI models; EU launches probe into Chinese wind turbine companies
    The US is “very focused on ensuring” Russia is not able to develop new liquefied natural gas projects, one of the country’s senior diplomats said. Fifa and US sports promoter Relevent have reached an ...
    04/8/2024 - 6:24 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News