European Union Economy Can Be Shrink 7.4 Percent

European Union Economy Can Be Shrink 7.4 Percent

According to the statements of the European Union Commission, it was estimated that the economy of the European Union will experience a 7.4 percent contraction this year due to the effects of the coronavirus outbreak. Considering the information in the "European Economic Forecasts 2020 Spring" report published by the European Commission, the European Region will experience a 7.7 percent contraction in the economic area this year in its report titled "Deep and irregular economic recession, an indefinite improvement", It is predicted that it will increase 6.3 percent in 2021. In the report of the European Union Commission, it was predicted that the economy of the European Union will decrease by 7.4 percent this year and will grow by 6.1 percent the following year. According to the content of the report, the economy of Germany, which is in the leading position among the countries within the European Region this year, will go down by 6.5 percent, followed by the 8.2 percent contraction of the French economy, 9.5 percent of the Italian economy, 9.4 percent of the Spanish economy, the Netherlands It is predicted that the economy will shrink by 6.8 percent the Belgian economy, by 7.2 percent the Greek economy by 9.7 percent, the Austrian economy by 5.5 percent. In the content of the report, which is estimated that the UK economy, which has lost its ties from the European Union, will contract by 8.3 percent this year, the United States economy will contract by 6.5 percent and the Japanese economy will shrink by 5 percent, in addition, It was predicted that the Chinese economy will grow by 1. The content of the report is that Turkey's economy to shrink 5.4 percent this year, he was made the next year and in 2021 predicted to rise to 4.4 percent.