DAX Index price is struggling to move higher for the fourth consecutive day, threatening to close this week in the red. Separately, the European Commission slashed economic forecasts for the region. Fundamental analysis: EU cuts forecasts The European Commission cut its 2020 and 2021 estimates yesterday as the Covid-19 pandemic outbreak continues to claim lives in all of 27 EU member states. The European Union’s executive branch estimates that the GDP will decline by 8.3% this year, followed by a recovery of 5.8% next year. Back in May, the Commission forecasted 7.4% reduction for total GDP across all of the
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