The EC also lowered its expectations for economic recovery in 2021 to 4.7%.
In the spring forecast for the development of the world economy, the EC expected a decline of 2.9% in 2020 and a subsequent recovery in 2021 of 5%.
The EC predicts that oil prices will remain in the range from $ 42.6 to $ 46.4 per barrel in 2020–2022.
Earlier, the official representative of the European Commission, Eric Mamer, spoke about the information that a number of Islamic countries announced their intention to boycott French products.