Posted on Mar 16, 2020
The European Union will go through a recession this year due to the impact on its economy of the coronavirus health crisis, the EU’s internal market Commissioner Thierry Breton said on Monday, estimating the bloc's economy faces a 2-2.5% hit.
“Obviously we are expecting a recession during the year 2020,” Breton told BFM Business radio.
“Before the crisis we were (expecting) around 1.4% (economic) growth for the whole continent, now we expect a negative impact of between 2% and 2.5%,” he added.
Image: European Parliament.
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