Recent economic figures, from the European Union, have shown that the European economy is stagnating and in danger of falling into a recession. Specifically, these figures show “the 28 countries in the European Union growing by only 0.1 percent during the last three months of 2019.” The article notes that several economic and political factors have played an important role in this economic stagnation. Some of these factors include Brexit, widespread transportation strikes in France, and declining world trade. Also, the author notes that the threat of the coronavirus is another unknown and may have negative effects on the European economy as a whole.
1 comment:
This is not a good look in the EU. Especially with the new coronavirus outbreak going around the world. China is a major consumer for German car manufactures and other European products. This would even make it worse. Brexit has already hurt the EU. They have picked up the pace again or I think there could be a recession and it would begin from the EU.
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