European Union headed for 2020 recession: EU's Breton
MG News | March 16, 2020 at 01:10 PM GMT+05:00
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
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 171,161.48 15.38M | 0.33% 561.28 |
| ALLSHR | 102,994.85 48.27M | 0.38% 392.30 |
| KSE30 | 51,173.44 7.15M | 0.39% 197.53 |
| KMI30 | 245,091.85 7.78M | 0.47% 1143.88 |
| KMIALLSHR | 66,813.95 29.32M | 0.40% 266.15 |
| BKTi | 46,852.85 2.33M | 0.22% 103.45 |
| OGTi | 35,442.65 0.56M | 0.32% 113.09 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 70,950.00 | 71,705.00 70,225.00 | -785.00 -1.09% |
| BRENT CRUDE | 94.18 | 95.50 94.08 | -0.80 -0.84% |
| RICHARDS BAY COAL MONTHLY | 121.25 | 121.25 121.25 | 4.50 3.85% |
| ROTTERDAM COAL MONTHLY | 139.25 | 140.45 136.25 | 9.00 6.91% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.26 | 92.65 91.18 | -0.90 -0.98% |
| SUGAR #11 WORLD | 14.42 | 14.58 14.14 | 0.36 2.56% |
Chart of the Day
Latest News
Top 5 things to watch in this week
CPI
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()