EUROPEAN ECONOMIC FORECAST (MAY 2020)

Source: European Commission

GDP Growth Rate

1. Poland: -4.3%
2. Luxembourg: -5.4%
3. Austria: -5.5%
4. Malta: -5.8%
5. Denmark: -5.9%
6. Romania: -6.0%
7. Sweden: -6.1%
8. Finland: -6.3%
9. Czech Republic: -6.2%
10. Germany: -6.5%
11. Slovakia: -6.7%
12. Netherlands: -6.8%
13. Portugal: -6.8%
14. Estonia: -6.9%
15. Latvia: -7.0%
16. Slovenia: -7.0%
17. Hungary: -7.0%
18. Belgium: -7.2%
19. Bulgaria: -7.2%
20. Cyprus: -7.4%
21. Ireland: -7.9%
22. Lithuania: -7.9%
23. France: 8.2%
24. Croatia: -9.1%
25. Spain: -9.4%
26. Italy: -9.5%
27. Greece: -9.7%

Government Debt % of GDP (2020)

1. Greece: 196.4
2. Italy: 158.9
3. Portugal: 131.6
4. France: 116.5
5. Cyprus: 115.7
6. Spain: 115.6
7. Belgium: 113.8
8. Slovenia: 83.7
9. Austria: 78.8
10. Germany: 75.6
11. Finland: 69.4
12. Ireland: 66.4
13. Netherlands: 62.1
14. Slovakia: 59.5
15. Malta: 50.7
16. Lithuania: 48.5
17. Latvia: 43.1
18. Luxembourg: 26.4
19. Estonia: 20.7

Projected GDP Growth in 2021

1. Croatia: 7.5%
2. France: 7.4%
3. Lithuania: 7.4%
4. Greece: 7.1%
5. Spain: 7.0%
6. Belgium: 6.7%
7. Slovenia: 6.7%
8. Slovakia: 6.6%
9. Italy: 6.5%
10. Latvia: 6.4%
11. Ireland: 6.1%
12. Cyprus: 6.1%
13. Malta: 6.0%
14. Hungary: 6.0%
15. Bulgaria: 6.0%
16. Germany: 5.9%
17. Estonia: 5.9%
18. Portugal: 5.8%
19. Luxembourg: 5.7%
20. Denmark: 5.1%
21. Netherlands: 5.0%
22. Czech Republic: 5.0%
23. Sweden: 4.3%
24. Romania: 4.2%
25. Poland: 4.1%
26. Finland: 3.7%