Breton: "EU heading for 5-10% economic contraction in 2020"

Breton: "EU heading for 5-10% economic contraction in 2020"
  • Clock-gray 12:44
  • calendar-gray 24 April 2020

European Union Industry Commissioner Thierry Breton said on Friday the EU was heading this year towards a 5-10% economic contraction due to the new coronavirus outbreak, APA reports citing Reuters.

“As of today, in the European Union, we’re on course for a 5% to 10% (recession), meaning it’s about 7.5%. But that is today, and if things don’t improve and if we have a second peak (of the outbreak), things could get worse”, Breton said on France 2 television.

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