EU, euro zone very likely in recession this year due to virus, Commission says
A top economic official of the European Commission said on Friday
File Photo: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. Reuters/Yves Herman
The European Union and the euro zone are very likely to be in a recession this year because of the coronavirus outbreak, a top economic official of the European Commission said on Friday.
"It is very likely that growth for the euro zone and the European Union as a whole will fall below zero this year and potentially even considerably below zero," Maarten Vervey, head of economic affairs of the EU executive told a news conference in Brussels.
