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1. • • Europe's economies have been set back by a renewed surge in infections this year and Covid-related restrictions. The eurozone shrank by 0.6% in the January-to-March period - the second consecutive contraction, which is a widely-used definition of a recession.
     www.bbc.com/news/business-56940720

     Eurozone suffers double-dip recession as pandemic impact ...

2. People also ask

   What will the eurozone's economic outlook look like in 2020?

   • This assessment is also consistent with the June 2020 Eurosystem staff macroeconomic projections for the euro area. After the further severe contraction in the second quarter, real GDP growth is projected to rebound in the second half of the year, with an average growth rate of -8.7 percent in 2020.

   Euro area: economic outlook and financial stability during the pandemic

   www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200610_1~64efe479b2.en.html

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   How to monitor progress towards Europe 2020 strategy objectives?

   • To monitor the progress towards Europe 2020 strategy objectives, a set of eight main indicators and three sub-indicators has been developed. The strategy sets the union targets, to be achieved by 2020, while Member States commit their national targets in the National Reform Programmes.

   Europe 2020 Strategy - Publications Office of the EU

   op.europa.eu/en/publication-detail/-/publication/0cdd4b0f-e11c-4537-a04c-1b372024768c

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   How has economic activity changed in the Eurozone?

   • Economic activity in the eurozone in the most recent period was 11% higher than at the nadir in the second quarter of last year. That supports the idea that businesses have found ways to reduce the impact that restrictions have on what they do, although for some the effect is still severe.

   Eurozone suffers double-dip recession as pandemic impact continues - …

   www.bbc.com/news/business-56940720

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   Will European real GDP rebound in 2021?

   • European real GDP is now projected to contract by 7 percent in 2020, its biggest decline since World War II, followed by a rebound of 4.7 percent in 2021. But the recovery’s strength will depend crucially on the course of the pandemic, people’s behavior, and the degree of continued economic policy support.

   Regional Economic Outlook for Europe, Fall 2020 - IMF

   www.imf.org/en/Publications/REO/EU/Issues/2020/10/19/REO-EUR-1021

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   Will economic activity grow in 2021 & 2022?

   • Over time, economic activity is expected to grow strongly, by 5.2 percent in 2021 and 3.3 percent in 2022. Overall, real GDP will recover only gradually towards pre-crisis levels, remaining below the level expected in the March staff macroeconomic projections throughout the projection horizon.

   Euro area: economic outlook and financial stability during the pandemic

   www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200610_1~64efe479b2.en.html

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   Is the euro area economy bottoming out?

   • In May, survey indicators suggested that there were some signs of the slump bottoming out alongside the easing of containment measures. Although the euro area economy remains in a deep contraction, consumer and business confidence indicators improved in May.

   Euro area: economic outlook and financial stability during the pandemic

   www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200610_1~64efe479b2.en.html

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3. economy-finance.ec.europa.eu › publicationsEuropean Economic Forecast. Autumn 2020 - European Commission

   economy-finance.ec.europa.eu › publications

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   Nov 5, 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. However, the resurgence of the pandemic in recent weeks is resulting in disruptions as national authorities introduce new public health measures to limit its spread.

4. www.imf.org › en › PublicationsRegional Economic Outlook for Europe, Fall 2020 - IMF

   www.imf.org › en › Publications

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   Oct 22, 2024 · We project that economic activity in Europe this year will decline by 7% and rebound by 4.7% in 2021. The recovery path is exceptionally uncertain. The ongoing resurgence of infections across Europe presents perhaps the greatest downside risk at this stage.

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6. www.bbc.com › news › business-56940720Eurozone suffers double-dip recession as pandemic impact ...

   www.bbc.com › news › business-56940720

   Apr 30, 2021 · Europe's economies have been set back by a renewed surge in infections this year and Covid-related restrictions. The eurozone shrank by 0.6% in the January-to-March period - the second...

7. www.euronews.com › business › 2020/12/16How has the coronavirus pandemic affected the economy in Europe?

   www.euronews.com › business › 2020/12/16

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   Dec 16, 2020 · Between April and June, the EU economy shrunk by 11.4% and the eurozone economy by 11.8%. The impact of the pandemic was worse in Europe than in the United States, which reported a 9.5% drop.

   • Author: Naomi Lloyd

8. www.politico.eu › article › eurostat-eu-economy-fellEurope’s economy fell again at year-end, pressuring ...

   www.politico.eu › article › eurostat-eu-economy-fell

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   Feb 2, 2021 · The EU economy turned down again in the fourth quarter, declining 0.5 percent in an official estimate that keeps up pressure for government spending. For the euro countries, the quarterly drop was 0.7 percent compared to gross domestic product over the previous three-month period, according to Eurostat's flash estimate Tuesday.

9. www.ecb.europa.eu › press › keyEuro area: economic outlook and financial stability during ...

   www.ecb.europa.eu › press › key

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   Jun 10, 2020 · The euro area economy has been experiencing an unprecedented contraction since the coronavirus (COVID-19) began spreading in Europe. Economic activity declined in the first quarter by 3.6 percent, quarter-on-quarter, driven by the fall in both domestic and foreign demand.

10. op.europa.eu › en › publication-detailEurope 2020 Strategy - Publications Office of the EU

    op.europa.eu › en › publication-detail

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    Oct 1, 2012 · To monitor the progress towards Europe 2020 strategy objectives, a set of eight main indicators and three sub-indicators has been developed. The strategy sets the union targets, to be achieved by 2020, while Member States commit their national targets in the National Reform Programmes.