Teller Report

The EC declared the inevitability of a deep recession in the EU in 2020

4/20/2020, 3:01:40 PM

Valdis Dombrovskis, Executive Vice President of the European Commission in the European Parliament Committee, declared the inevitable deep recession in the European Union in 2020 due to measures to combat the coronavirus infection COVID-19.


It is reported by RIA Novosti.

“A deep recession is inevitable in Europe this year,” he said.

However, he did not cite any specific figures.

Pavel Gribov, associate professor at the Department of Economic Security at RANEPA, in an interview with the FBA “Economics Today” assessed the consequences of the situation with coronavirus for the global economy.