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Eurozone GDP will decline by 8.7% this year, then grow by 6.1% in 2021,

Eurozone GDP will decline by 8.7% this year, then grow by 6.1% in 2021,

Eurozone GDP will decline by 8.7% this year, then grow by 6.1% in 2021, according to a forecast this week of the European Commission. Among the major economies: Germany -6.3% in 2020, then +5.3% in 2021; France –10.6%, then +7.6%; Italy –11.2%, then +6.1%; and Spain -10.9%, then +7.1%.

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