ECB: COVID a 'triple shock' for economy
Euro area to rebound 8.4% in third quarter
25 September, 12:52"The rebound in euro area economic activity is expected to continue in the remainder of 2020, provided there is no major resurgence of the pandemic. Euro area activity is projected to rebound by 8.4% in the third quarter," the ECB forecasted. "The baseline projection rests on the key assumption of a partial success in containing the virus, with some resurgence in infections over the coming quarters leading to continued containment measures, albeit less strict than in the initial wave, until a medical solution becomes available by mid-2021," the bulletin reads. (ANSA).