Monday, May 3, 2021

Eurozone suffers double-dip recession

The eurozone’s economy has fallen back into recession as the impact of the pandemic continues to hit activity.

Europe’s economies have been set back by a renewed surge in infections this year and Covid-related restrictions.

The eurozone shrank by 0.6% in the January-to-March period - the second consecutive contraction, which is a widely-used definition of a recession.(BBC)

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