COVID-19

This is how the 2020 recession affected Europe’s public and private sectors

Image: Unsplash/Edward Howell

Estelle Xue Liu

Senior economist in the European Department , IMF

Karim Foda

Economist, European Department of the IMF

Sebastian Weber

Senior Economist in the European Department, IMF

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'European Union countries and the United Kingdom in 2020, business and household balance sheets in Europe were little affected on average.' Image: IMF

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The public sector has borne a lot of the losses from COVID-19. Image: IMF

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COVID-19Pandemic Preparedness and ResponseUnited KingdomEuropean Union

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