BRUSSELS, Nov. 5 (Xinhua) -- The European Union (EU) on Thursday ditched hope of a quick turnaround for European economies, predicting that pre-pandemic levels will only be reached in 2023.
Announcing the new forecast, the European Commission's economy commissioner Paolo Gentiloni told journalists that the commission had predicted in its previous forecast in summer that a fast growth would take place in the latter half of this year, resulting in a milder growth for both the euro area and the EU in 2020 and a bigger growth for 2021, but the second wave of the outbreak forced the commission to revise its forecast.
