During 2019, the region’s economy grew slightly, however, a sharp contraction is expected in 2020. The economic and social fallout associated with coping with the Cornavirus (COVID-19) pandemic will be responsible for the recession in 2020. Domestic demand will be restricted, particularly private consumption. Meanwhile, public debt is soaring. Western Europe is ageing faster than other regions of the world and this development will also gradually reduce the pace of growth.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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