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Tag Archives: EU warns of Depression

Europe expects a recession unlike any since the Great Depression

Woman carrying plastic bag walks up empty street. Graffiti. Shuttered windows.

PortandTerminal.com, May 6, 2020 “Economic activity in the EU dropped by around one-third practically overnight.” | EU is a major buyer of US aerospace products, computers/electronics and pharma products BRUSSELS – EU officials have forecast “the deepest economic recession” in the bloc’s history as a result of the coronavirus. This year, the EU’s economy — comprising 27 member states — …

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