European Commission says the 2021 economic recovery for the Eurozone will be 4.2% (smaller than previously expected) following a 2020 recession of 7.8%
- 2022 growth seen at 3.0%
- 2020 inflation seen at 0.3%, 2021 at 1.1% and 1.3% in 2022
- Forecasts assume that COVID-19 restrictions will remain in place for the next two years but will be gradually eased
- Technical assumption states that there will be no trade deal achieved between Britain and the EU
05 Nov 2020 - 10:00- Economic Commentary- Source: Newswires
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