The eurozone economy will sink deeper into recession than previously thought due to the effects of the pandemic, the European Commission (EC) has said.The bloc will contract a record 8.7% this year before growing 6.1% in 2021. It compares with the EC's May forecast of a 7.7% slump and 6.3% growth.
France, Italy and Spain will struggle the most, the EC said.
Its revised forecast comes amid concerns about the US economy after a surge in infections, BBC reported.
This has prompted several states to delay or reverse lifting restrictions.