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EU will enter recession this year due to virus
By EUobserver
The EU and eurozone will enter a recession this year, and its growth projection could go"considerably below zero" due to the coronavirus, the EU commission warned. Maarten Verwey, director general for economic and financial affairs said that "normally, we can expect normally to bounce back" in 2021. The official said member states' quick and bold measures will be crucial in not letting the shock turn into a long-term crisis.