05-11-2020 11:29 via kvoa.com

EU cuts 2021 economic outlook as virus spreads

BRUSSELS (AP) — The European Commission has cut its outlook for the rebound from the pandemic shutdowns. The executive authority for the European Union said that things won’t reach pre-virus levels until 2023. That’s the takeaway from the autumn economy forecast. Growth is now foreseen at  4.2% next year for the 19 EU member countries that use the euro. That reflects fears about new lockdowns as numbers of infections increase. The European economy saw a strong rebound in J
Read more »