The Conference Board Economy Watch European View | The Conference Board
The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

The Conference Board Economy Watch European View

July 2020 | Economy Watch Reports

The output contraction in March and April has not translated into major increases in unemployment yet. However, unemployment will eventually increase as government supported unemployment benefits schemes expire. At the same time, the latest data on consumer spending surprised on the upside. Despite a likely strong growth rebound in 2021, it will take more time for GDP to reach pre-COVID-19 crisis levels.



Ilaria Maselli

Senior Economist
The Conference Board

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.