European Union headed for 2020 recession: EU's Breton

MG News | March 16, 2020 at 01:10 PM GMT+05:00

0:00

March 16, 2020: The European Union will go through a recession this year due to the impact on its economy of the coronavirus health crisis, EU' internal market Commissioner Thierry Breton said on Monday.

"Obviously we are expecting a recession during the year 2020,"Breton told BFM Business radio.

"Before the crisis we were (expecting) around 1.4% (economic) growth for the whole continent, now we expect a negative impact of between 2% and 2.5%," he added.

Reuters

Related News

Oil slips as Russian exports resume after brief halt

Oil slips as Russia restarts exports; Ukraine strikes keep risks high

Gold steadies as markets brace for key U.S. data

Name	Price/Vol	%Chg/NChg
KSE100	160,935.13 302.86M	-0.47% -752.05
ALLSHR	97,686.29 1,543.63M	-0.40% -388.98
KSE30	48,680.99 105.19M	-0.55% -269.99
KMI30	229,518.04 108.34M	-0.52% -1206.38
KMIALLSHR	63,481.12 606.98M	-0.42% -269.58
BKTi	43,984.51 23.92M	-0.89% -393.05
OGTi	30,948.28 5.94M	-0.56% -175.69

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,350.00	93,960.00 89,325.00	1380.00 1.50%
BRENT CRUDE	64.89	65.05 63.62	0.69 1.07%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	-0.55 -0.64%
ROTTERDAM COAL MONTHLY	96.45	96.45 96.45	0.00 0.00%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.67	60.84 59.26	0.81 1.35%
SUGAR #11 WORLD	14.71	14.88 14.63	-0.09 -0.61%