EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in

EconomyMacroeconomy Tags: Budget, EC, GDP

The European Commission published on Thursday the economic forecasts for Europe within the context of the 2020 autumn forecasts.

In the case of Greece, the release came just as the Prime Minister announced a new national lockdown. Naturally, the estimates for 2020, and potentially the carry-over effect next year, do not capture the impact of the latest developments on the pandemi...

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