European Union nations are heading for an economic contraction of between 5 and 10 per cent, and a second peak of coronavirus could lead to further losses, EU Industry Commissioner Thierry Breton said this morning.
“As of today, in the European Union, we’re on course for a 5 per cent to 10 per cent [contraction], meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak, things could get worse.”
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