arista
30-04-2021, 01:34 PM
Yes Nicky (Of the Netherlands)
Lack of Covid Vaccinations
has Hit the EU hard.
[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.
It is the second such episode,
a so-called double-dip recession,
since the onset of the pandemic.
However, among the national economies
that have reported data so far,
that pattern was repeated only by Italy.
Other countries reported some growth
in one or other of the last two quarters.
The French economy did grow in the
first three months of this year, by 0.4%,
after a decline at the end of 2020,
although the rebound was described
by the national statistical agency as "limited".
In Germany it was the other way around,
with some growth in the fourth quarter
of last year and a sharp
decline - of 1.7% - revealed by the latest figures.]
https://www.bbc.co.uk/news/business-56940720
Lack of Covid Vaccinations
has Hit the EU hard.
[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.
It is the second such episode,
a so-called double-dip recession,
since the onset of the pandemic.
However, among the national economies
that have reported data so far,
that pattern was repeated only by Italy.
Other countries reported some growth
in one or other of the last two quarters.
The French economy did grow in the
first three months of this year, by 0.4%,
after a decline at the end of 2020,
although the rebound was described
by the national statistical agency as "limited".
In Germany it was the other way around,
with some growth in the fourth quarter
of last year and a sharp
decline - of 1.7% - revealed by the latest figures.]
https://www.bbc.co.uk/news/business-56940720