EU Commission expects deeper recession than in 2009

The economic slump caused by the coronavirus COVID-19 is expected to be deeper than the 2009 Great Recession, according to a European Commission document seen by EURACTIV. The pandemic and the measures taken to contain the virus have brought the economy to a halt in most EU member states. Factories have temporarily closed and demand in sectors like retail and tourism has collapsed as governments ordered people to stay at home in order to contain the ...

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