Economics

Europe Sees Deeper Slump in New Warning on Uneven Virus Hit

EU forecasts 8.7% euro-area slump in 2020, 6.1% growth in 2021
Divergences between countries will be more pronounced

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EU's Gentiloni Says Europe's Road To Recovery Is Paved with Uncertainty

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By Alexander Weber

July 7, 2020 at 8:00 AM UTC

Updated on

July 7, 2020 at 9:40 AM UTC

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Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm.

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