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Coronavirus: EU facing ‘deep and uneven recession’

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The European Union faces a deep and uneven recession, according to a new forecast from the EU’s Commission.

The bloc’s executive arm predicts a recovery in 2021 but warns that the uncertainty is exceptionally high.

The Commission predicts a decline in economic activity this year of 7.5%, and slightly more than that for the eurozone.

It warns the outcome could be worse if the pandemic turns out to be longer or more severe than currently envisaged.

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