World, As Seen from the most beautiful islands: Ireland and Cyprus

The economic consequences of quarantine are more severe than in was expected

T

The European Commission expects the recession due to the corona crisis to be deeper than initially thought. The recovery will also be less strong, the committee writes in the summer forecast.

The eurozone economy will shrink by an average of 8.7 percent this year. In early May, that percentage was estimated by Brussels at 7.7 percent.

“The economic impact of the lockdown is heavier than we first expected and the journey is still over a choppy sea,” said European Commission Vice President Dombrovskis.

According to him, a quick agreement on a European recovery package of EUR 750 billion is more important than ever.

Add comment

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news.

Recent Posts

Categories