The EU is confident that coronavirus will affect the economy

All international organizations are cautious in their forecasts regarding the impact of the coronavirus outbreak on the economy, but it is safe to say that such an impact will be, said EU Commissioner for Economics Paolo Gentilloni at a press conference in Brussels.

“All international organizations are very cautious in their forecasts, for example, on the G20 in Saudi Arabia, there was concern, first of all, of the developing countries of Asia, but not only them. The only thing we are sure that such an impact will take place”, – said the European Commissioner in economics.

According to him, the EU continues to closely monitor the situation.

“We do not want to go deeper into predictions, we closely monitor the situation daily, maintain contacts with international economic organizations”, – Gentilloni added.

On Wednesday, the EC cabinet discussed the published Winter Package of the European Semester – reports of EU member states on assessing the socio-economic situation in each individual country in the community.

On December 31, 2019, the Chinese authorities informed the World Health Organization about an outbreak of unknown pneumonia in the city of Wuhan in the central part of the country (Hubei Province). Experts have identified the causative agent of the disease – this is a new coronavirus. WHO recognized the outbreak as an emergency of international importance and gave the disease its official name – COVID-19. The number of infected in mainland China has already exceeded 78 thousand people, 2715 have died, over 29 thousand have been cured.

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