Brussels, November 5
The European Union’s executive commission on Thursday lowered its growth forecast for the economic rebound from the Covid pandemic next year and said the economy wouldn’t reach pre-virus levels until 2023.
The regular autumn forecast foresees the economy of the 19 countries that use the euro growing only 4.2% in 2021 instead of the previous estimate of 6.1 per cent.
The downgrade comes as governments record increasing Covid cases. — AP