GRIM ECONOMIC NEWS IN THE EU

Submitted by christian on Thu, 04/30/2020 - 17:29

EU GDP shrank by 3.5% in the first quarter of 2020 versus the final quarter of last year when the region's economy was still expanding. Compared with the first quarter of 2019, the fall was 2.7%. The IMF expects EU GDP to fall by 7% this year