Ireland, France, Belgium Spain, Italy, Czech Republic, Portugal Greece ... European countries in turn are sealing themselves off for re-containments, total or partial, in order to face the new wave of the Covid-19 pandemic.
This new lead cap takes the European economy with it.
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The European economy will not return to its pre-crisis level before 2022
The finding is alarming, as evidenced by the new “autumn” forecasts published on Thursday by the European Commission: fall in gross domestic product (GDP) of 7.8% for the euro area, and 7.7% for the whole. of the Union in 2020. The worst economic crisis since the Second World War, underlines Paolo Gentiloni, European Commissioner for the Economy.
The recession is setting in everywhere.
Spain (- 12.4%) is at the bottom of the table, followed by Italy (- 9.9%), France (- 9.4%), Greece (- 9%) and of Belgium (- 8.4%).
The explanation is twofold.
On the one hand, these are the countries most affected by the health crisis and which have implemented more restrictive measures.
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