(ANSA) - BRUSSELS, APRIL 27 - The pandemic "has changed the outlook, which was already fragile before, but now it is clear that a deep recession in the EU is inevitable this year": Commissioner for Economic Affairs Paolo Gentiloni said inaudizione alla commission and with the EU Parliament.
"We will present the economic forecasts on May 7", "we will have a strong contraction in GDP, worse than that of the chrysifinancial", and similar to the IMF forecast (-7.5% for the EU), he added.
Gentiloni: GDP worse financial crisis
4/27/2020, 4:24:38 PM
The pandemic "has changed the outlook, which was already fragile before, but it is now clear that a deep recession in the EU is inevitable this year": Commissioner for Economic Affairs Paolo Gentiloni said in hearing at the committee and with Parliament EU. (HANDLE)