March 16, 2020 / 8:01 AM / 18 days ago

European Union headed for 2020 recession-EU's Breton

PARIS, March 16 (Reuters) - The European Union will go through a recession this year due to the impact on its economy of the coronavirus health crisis, EU’ internal market Commissioner Thierry Breton said on Monday.

“Obviously we are expecting a recession during the year 2020,”Breton told BFM Business radio.

“Before the crisis we were (expecting) around 1.4% (economic) growth for the whole continent, now we expect a negative impact of between 2% and 2.5%,” he added.

Reporting by Dominique Vidalon Editing by Bate Felix

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