Eurozone growth in fourth quarter will be negative - ECB's De Guindos

Market news

6 November 2020

Eurozone growth in fourth quarter will be negative - ECB's De Guindos

Reuters reports that ECB Vice-President Luis de Guindos said that Eurozone growth will likely be negative in the fourth quarter, as countries have imposed new restrictions to the economic activity over the past weeks in a bid to slow the coronavirus contagion.

European Commission downgraded on Thursday its GDP forecast expectations for 2020 and 2021 because of the second wave of infections.

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