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- European Commission forecasts deeper slump amid 'more pronounced' economic divergences
European Commission forecasts deeper slump amid 'more pronounced' economic divergences
EU now sees 2020 GDP at -8.7% vs -7.7% back in the May forecast
Euro area economy probably shrank by 13.5% in Q2
There are 'several' risks to the economic outlook, tilted to the downside
Economic recovery will be uneven across member states
Euro area economic divergences are 'more pronounced'
German economy likely to shrink by 6.3% in 2020
Spain, France, Italy economies likely to shrink by more than 10% in 2020
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