The Summer 2020 Economic Forecast, presented by the Commission on Tuesday, estimates that the euro area economy will contract by 8.7% in 2020 and grow by 6.1% in 2021. At large, the EU economy is forecast to shrink by 8.3% this year and grow by 5.8% in 2021. The pandemic has hit the European economy tougher than previously expected, even if a cautious rebound is commencing.
- European Parliament
- Europost , Brussels