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Economy Eurozone

Eurozone Economy Suffers Record Contraction, Steeper Than U.S. – The Wall Street Journal

The public-health crisis sparked by the new coronavirus ricocheted through Europe’s economy in the first quarter, causing a record decline that was more severe even than in the U.S., an ominous sign for the global economy.

The eurozone’s gross domestic product fell 3.8% versus the final three months of 2019, according to data released Thursday, as measures imposed to limit the pandemic’s spread stalled everything from schools to factories to churches.

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