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Impact of COVID-19 on the European Economy Market Trends, Size, Forecast - 2019-2025

<br> <br>Europe is among the largest economies across the globe in terms of industrial production. The GDP of the European Union (EU) was estimated to be $18.8 trillion in 2018, increased from $17.4 trillion in 2017, represented nearly 23% of global GDP. This result owing to the remarkable focus towards the production of all finished goods and services within the country. <br>

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Impact of COVID-19 on the European Economy Market Trends, Size, Forecast - 2019-2025

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  1. Orion Market Research Impact of COVID-19 on the European Economy Market Trends, Size, Forecast - 2019-2025 Request a free sample of our report on Impact of COVID-19 on the European Economy Market: https://www.omrglobal.com/request-sample/impact-of-covid-19- on-european-economy --------------------------------------------------------------------------------------------------------------------- Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

  2. Europe is among the largest economies across the globe in terms of industrial production. The GDP of the European Union (EU) was estimated to be $18.8 trillion in 2018, increased from $17.4 trillion in 2017, represented nearly 23% of global GDP. This result owing to the remarkable focus towards the production of all finished goods and services within the country. In 2018, EU industrial production surpassed the level that was observed in 2008. More than 75% of the value of sold production in EU 28 was generated by six member states, including Germany, Italy, France, UK, Spain, and Poland with 28%, 16%, 12%, 9%, 8%, and 5%, of total EU respectively (Eurostat). The region has a significant production of food products, motor vehicles, machinery and equipment, and basic metals and fabricated metal products. In 2018, the production of food products in EU 28 increased by nearly 117 billion (16%) compared with 2008. In addition, there is a considerable production of machinery and equipment, such as construction and transportation equipment in European countries, including UK and Germany. According to the Office for National Statistics (ONS), in UK, the production of machinery and equipment increased by 1.8% and reached nearly $36 billion in 2018. However, European countries are currently facing a recession due to factory shutdown and shortage of raw material amid the COVID-19 outbreak. After China, European countries, including Italy, Spain, and UK are highly affected by COVID-19 pandemic. Request a free sample of our report on Impact of COVID-19 on the European Economy Market: https://www.omrglobal.com/request-sample/impact-of-covid-19- on-european-economy Due to the epidemics of COVID-19, the manufacturers of the automobile, chemical, electronics, and aircraft are facing concerns regarding supply chain disruption. The government orders to suspend production is further affecting industrial output in the

  3. region. Several automobile companies, retailers, and machinery and equipment manufacturers have temporarily shut down their factories to minimize the spread of coronavirus. For instance, in Italy, Ferrari S.p.A. has suspended production for two weeks due to Italian government orders for nationwide lockdown due to the COVID-19 epidemic. It is expected that Ferrari and Fiat began producing. Further, Jaguar Land Rover Automotive PLC, a part of Tata Motors, suspended its UK production facility in line with the government advise to reduce the spread of coronavirus. A full report of Impact of COVID-19 on the European Economy Market Is available at https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-european- economy Verticals Affected Most Automobile Food & Beverage Machinery Electrical and Electronics Aviation BFSI Retail and E-Commerce Healthcare Travel and Tourism Others Country Analysis Italy

  4. Spain UK Germany France Rest of Europe Company Profiles Airbus SE Anheuser-Busch InBev ArcelorMittal S.A BASF SE BP plc Carrefour S.A. Daimler AG Deutsche Lufthansa AG F. Hoffmann-La Roche AG Fiat Chrysler Automobiles N.V. For https://www.omrglobal.com/report-customization/impact-of-covid-19-on- european-economy About us: Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research- based services. For More Information, Visit https://www.omrglobal.com/ more customized data, request for report customization @

  5. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

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