Record loss of 11.1% to the European economy

The corona virus has caused a record 11.1% damage to the 18.300 trillion European economy.

The economic damage from the Corona epidemic in the second quarter of this year exceeded estimates.

Euro stat, the European Union's statistics agency, now estimates the euro zone's second-quarter loss at 12.1%.

The euro zone has suffered the most damage in the euro zone, with Spain at 18.5%. Portugal is in second place with an estimated loss of 14.1%.

France and Italy are third and fourth in terms of economic losses. Their losses are estimated at 13.8% and 12.4% respectively.

The rest of the countries are Belgium, Austria, Germany, the Czech Republic and Latvia.

Europe is adopting smart lockdown and other methods to fight the epidemic. But according to Euro stat, if the outbreak continues, countries using the common currency, the euro, will lose 8.7 percent of the European economy, while all European countries will lose 8.3 percent of their gross domestic product by the end of the year.