European Commission forecasts -7.7% contraction in Eurozone GDP this year

<p>European Commission forecasts Eurozone GDP to contract -7.7% in 2020, then rebound by 6.3% in 2021. Inflation is projected to slow sharply to 0.2% in 20202, then climb back to 1.1% in 2021. Unemployment rate would jump to 9.6% in 2020, then fall back to 8.6% in 2021. EU GDP is projected to contract -7.4% […]</p>
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