The European Commission said today, Tuesday, that the economies of member states of the European Union are heading during the current year to record a large recession that exceeds previous expectations due to the repercussions of the pandemic of the emerging Corona Virus (Covid 19). ).

The European Union’s executive arm confirmed in a statement today, Tuesday, that the repercussions of the coronavirus pandemic on economic activity in Europe during the current year will be more robust than expected. p>

She explained that the new forecast is likely to shrink that the euro zone economy increased by 8.7% in the current year before recording a growth of 6.1% next year 2021.

She added that he also expected the European Union economies to decline by 8.3% in 2020 before growing by 5.8% in 2021.

The European Union Commissioner for Economic Affairs Paolo Gentiloni said during the presentation of economic projections in a press conference that the Corona virus has so far claimed the lives of more than half a million people around the world and not The number continues to rise daily in some parts of the world at an alarming rate.

"These forecasts show the devastating economic repercussions of this pandemic ... The political response across Europe has helped alleviate the impact of the shock on our citizens," Gentiloni added. >