Report: EU Economy Facing Historic 'Shock' From Coronavirus

Report: EU Economy Facing Historic 'Shock' From Coronavirus

Assessment

Interactive Video

Social Studies, Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The European Commission forecasts a severe economic downturn for the EU, with a 7.4% decline in 2020 due to COVID-19. Countries like Greece, Italy, and Spain face significant economic challenges, with Greece's economy expected to shrink by nearly 10%. The recovery is predicted to be uneven across the EU. The EU's economic health is crucial as it is a major trading partner for China and the US.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected decline in economic activity for the EU this year according to the European Commission?

6.3%

7.4%

5.2%

9.1%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are mentioned as easing restrictions due to reduced COVID-19 cases?

Greece and Portugal

Italy and Spain

France and Germany

Netherlands and Belgium

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected economic contraction for Greece this year?

8%

5%

12%

10%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

By how much is France's economic activity expected to shrink?

9%

6%

8%

7%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is the EU's economic health significant on a global scale?

It controls global oil prices.

It has the largest economy in the world.

It sets international interest rates.

It is a major trading partner for China and the United States.

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