The EU Commission on Tuesday (7 July) drew a grimmer picture of the European economy damaged by the coronavirus pandemic than before, as the reopening of the continent's economy has been slower than expected.
The eurozone economy will drop deeper into recession this year, and rebound less quickly next year, than the commission originally estimated in May.
France, Italy and Spain will contract more than 10 percent this year, the commission said in its summer Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.To read this story, log in or subscribe
Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.
Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.