The recession in 2020 due to the Covid-19 pandemic is the worst that the European Union has ever experienced, the European Commission said on Wednesday 6 May when it presented its spring economic forecasts, which take into account the economic situation observed and the emergency measures announced up to 23 April.
“First, it is now quite clear that the EU has entered the deepest economic recession in its history. The EU economy is expected to contract by a record 7.4% this year, 7.7% in...