MULTIANNUAL FINANCIAL FRAMEWORK 2021-2027 / Regions

European Commission draws up its diagnosis of territorial and sectoral consequences of Covid-19

Brussels, 27/05/2020 (Agence Europe)

In a lengthy internal document published on Wednesday 27 May, written in response to a request from Member States, the European Commission has set out the sectoral and territorial impact of the Covid-19 pandemic and the impact on Member States of its recovery plan and of the actions taken during the crisis.

The European Union economy has contracted sharply: real GDP in the EU will be around 14% below the level recorded in the same quarter in 2019. The second quarter of 2020 will see EU GDP...