ECB: COVID-19 Wave in US to Impact Eurozone

A second wave of the coronavirus disease (COVID-19) in countries such as the United States could negatively impact European economic growth, Vice President of the European Central Bank (ECB), Luis de Guindos, has warned.

The Eurozone economy contraction was better than previously expected during the second quarter (Q2) of 2020.

ECB expects world trade to drop by more than 10% in 2020.

“The news from the United States is not good, as well as from Latin America and some parts of Asia… This is going to have a negative impact on the evolution of world trade.”

As quoted by Reuters