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GDP growth rate forecasts in Europe 2020-2021

The economy of the European Union is expected to shrink by 7.4 percent in 2020, following the outbreak of Coronavirus (COVID-19) in early 2020, with an economic recovery anticipated in 2021. Spain and the United Kingdom are set to be the worst affected economies, seeing GDP decline by 12.4 percent and 10.3 percent respectively, with Lithuania's GDP forecast to shrink by 2.2 percent and suffer the least damage.

Real gross domestic product growth rate forecasts in selected European countries from 2020 to 2021

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Source

Release date

November 2020

Region

Europe

Survey time period

2020

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Statistics on "The coronavirus disease (COVID-19) pandemic 2019-20"

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