ZCZC
BCN-04
EU-ECONOMY-GROWTH
URGENT ¥¥¥ Eurozone economy to crash 8.7% in 2020: EU forecast
BRUSSELS, July 7, 2020 (BSS/AFP) – The eurozone economy will plunge 8.7 percent in 2020 before rebounding by 6.1 percent in 2021, according to the European Commission’s updated forecasts that are more pessimistic than those made at the beginning of May.
The economies of France, Italy and Spain will each contract by more than 10 percent.
BSS/AFP/MSY/1428 hrs