EU foresees "deeper recession" in 2020 than previously expected

Paolo Gentiloni, European Commissioner for Economy, attends a press conference on the Summer 2020 Economic Forecast at the European Commission headquarters in Brussels, Belgium, July 7, 2020. The European economy will face a "deeper recession" than previously predicted due to the prolonged containment measures against COVID-19, the European Commission said in its Summer 2020 Economic Forecast on Tuesday. (European Union/Handout via Xinhua)