Economics
Euro-Area Economy Slips Into Double-Dip Recession: GDP Update
- Output down 0.6% in first quarter, less than median estimate
- Rebound delayed by vaccine slowness as fiscal aid powers U.S.
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
The euro-area economy slid into a double-dip recession at the start of the year as strict coronavirus lockdowns across the region kept many businesses shuttered and consumers wary to spend.