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Tag: economic

Coronavirus: EU Commission approves reprogramming of €275 million in cohesion policy funding to mitigate economic and social impact of the pandemic in Slovenia

The Commission has today approved a programme modification, which provides the basis to use around €275 million of cohesion policy funding to mitigate the harmful consequences of the coronavirus outbreak and its economic and social effects in Slovenia. The resources will be invested in strengthening the emergency response capacities in the healthcare sector, providing liquidity […]

Coronavirus: EU energy sector is well prepared and ready to contribute to economic recovery

Yesterday, EU Energy Ministers, together with the Commissioner for Energy, Kadri Simson, discussed the preparedness of the energy sector in response to the COVID-19 crisis and its potential to contribute to economic recovery programmes. They concluded that the European energy system is resilient and that there is currently no risk to supply disruption. Following the […]

IMF/ World Economic Outlook Press Briefing

IMF projects worst economic downturn since the Great Depression The IMF’s latest World Economic Outlook (WEO) sees the global economy faltering and forecasts negative global growth of minus 3 percent in 2020 because of the Covid-19 pandemic. IMF Chief Economist Gita Gopinath said: “Under the assumption that the pandemic and required containment peaks in the […]