Email. Europe needs to enhance its toolbox for protection against economic coercion, carefully balancing its strategy in five areas Jonathan Hackenbroich @j_hackenbroich on Twitter. Tab. Information and identifiers. On 21 July 2020, EU heads of state or government reached a historic agreement on the package. Formation of the European Union (EU) and in 1999, the introduction of a unified currency – the euro brings participating European countries closer through the convenience of a shared currency and has led to a stronger European cash flow. English (3.3 MB - PDF) Download PDF - 3.3 MB. Factset: FactSet Research Systems Inc.2018. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. The EU has a long-term budget of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. Share. 08 May 2020. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. 03/12/2020 . Heute hatten wir das noch als Gerücht: GERÜCHT: Lufthansa streicht 2021 bei Europa Economy Catering … Buy on Board könnte kommen. May 2020. London (CNN Business)Europe's economy shrank by 11.9% in the second quarter as the coronavirus pandemic plunged the region into a deep recession. The EU economy is forecast to contract by 7½% in 2020 and grow by around 6% in 2021. In October 2020, the seasonally adjusted volume of retail trade rose by 1.5% in both the euro area and the EU, compared with September 2020, according to estimates from Eurostat, the statistical office of the European Union. This page has economic forecasts for Euro Area including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Euro Area economy. Policy Fellow With. "The difference is larger than expected and with reopening measures being locally reversed for [the third quarter], Spain looks set for a prolonged slump," said Bert Colijn, senior economist at ING. Compared with the same period a year ago, the drop in output in the April-to-June quarter was 14.4%. The latest I-DESI will be published later in 2020… Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. Economic forecasts Summer 2020 Economic Forecast: A deeper recession with wider divergences The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Graph. Protecting Europe from economic coercion: Strategy after the 2020 US election. Eurostat economic figures for the second quarter of 2020 show that Europe saw its deepest and most sudden economic collapse in history. For inquiries concerning the data , please contact: I. Kuhnert tel. Spring 2020 Economic Forecast - Statistical annex. The forecast assumes that restrictions will continue to ease, and that there won't … Spring 2020. Tweet. The European Commission's Spring 2020 Economic Forecast predicts that Europe's economy will shrink 7.4% due to the coronavirus pandemic. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 06 May 2020. Sectors Services Print. Posted on November 4, 2020 November 4, 2020 1:41 pm. Mother struggles to keep the lights on this Christmas, 'I need help': Unemployed man facing eviction, Melinda Gates: Vaccines need to reach the 'far corners of the globe', Melinda Gates: Vaccine 'disinformation can equal death', Corporations pledge to create one million jobs for Black Americans, First-time jobless claims jump to 853,000, Economist: It's going to take years for jobs to recover, This gym is actually opening studios during the pandemic, Frustrated restaurant owner blasts shutdown in viral post, Another 712,000 Americans filed first-time jobless claims, Rep. Porter to Mnuchin: 'You're play-acting to be a lawyer', Chicago Fed president: Stronger fiscal support is needed, Their restaurant is the 'pillar' of the family and they may lose it. Brexit. Statistical Annex of European Economy . Eurosystem and ECB staff produce macroeconomic projections that cover the outlook for the euro area and the wider global economy. On 27 May 2020, in response to the unprecedented crisis caused by the coronavirus, the European Commission proposed the temporary recovery instrument NextGenerationEU of €750 billion, as well as targeted reinforcements to the long-term EU budget for 2021-2027. Macroeconomic projections aim to predict and understand the future state of the economy on a broad scale. The 2010 - 2020 decade economic forecast predicts that Europe saw its deepest and most sudden economic collapse history! Into new talks in event of no-deal Brexit representing 1.02 % of the Dow indices. 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