Mehmet Burak Turgut | CASE Senior Economist

2020 in a Nutshell

As the International Monetary Fund (IMF) projections show, it is expected that the global economy shrunk significantly in 2020 with an estimated 4.4% negative GDP growth rate. The EU economy was not an exception as the economic activity almost halted and the real GDP fell at double-digit rates in the first half of 2020 and it is predicted to close 2020 with 7.4% negative real GDP growth as the recent European Commission forecasts show. The employment has also suffered from a continuous drop in economic activity with the unemployment rate in the EU set to hit…


CASE — Center for Social and Economic Research is an independent, non-profit economic and public policy research institution, established in 1991 in Warsaw.

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