Three months after the beginning of the coronavirus lockdown, the effects of the COVID-19 pandemic on countries across Europe are already visible when looking at second quarter 2020 economic indicators. Despite massive cash injections by governments, the GDP of the Central and Eastern European economies is set to decrease by 5.8% in 2020, according to Coface forecasts. Some sectors - such as automotive, retail, textile, and transport - are suffering more than others. Nevertheless, a few weeks after the intitial easing of restrictions, most European economies seem to be slowly recovering.
