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Iceland Volcanoes May Affect European Economic Recovery
According to reports, the impact of Iceland volcanic ash on European aviation may bring some risk to Europe's fragile economic recovery.
The report said that the European aviation supervision department extended the flight ban time to Monday, resulting in the number of cancelled flights increased to more than 60 thousand, and if the flight ban time continues to extend, the negative impact will be very serious.
Charny (EricChaney), chief economist at AxaGroup, said that Europe is the world's largest export market and the second largest import market. If no fly time is extended, it will have a major impact on Global trade and gradually spread to a wider economic region, thus hindering the economic recovery process.
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