According to recent reports, the European Union’s economy is predicted to experience a 0.4% contraction this year, due to the ongoing global economic slowdown. This downward forecast follows the 1.5% growth the EU saw in 2019. The EU’s largest economy, Germany, is also expected to experience a recession with a projected 0.1% contraction in their GDP. This news comes amidst growing concerns over the impact of the coronavirus outbreak on global trade and economic growth.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
