Report: EU Economy Facing Historic 'Shock' From Coronavirus

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.

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%

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

What is the expected economic contraction for Greece this year?

• 8%

• 5%

• 12%

• 10%

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

• 9%

• 6%

• 8%

• 7%

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.