Covid-19 could cut eurozone GDP by 5%, 8% or 12% in 2020 – ECB

ECB + bridge

European Central Bank staff have compiled three alternative scenarios analysing the impact of Covid-19 on the eurozone economy.

“Strict containment measures are expected to severely affect economic activity in the euro area well beyond the short-term horizon,” says the research, compiled by ECB staff. “The high uncertainty surrounding the economic impact of the Covid-19 pandemic warrants an analysis based on alternative scenarios.”

In the mild scenario, the eurozone economy would shrink by 5%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: