Snapshots

The Eurozone's Economic Rebound Loses Momentum

Sep 3, 2020 | 16:10 GMT

Early signs indicate the eurozone's economic rebound from the COVID-19 crisis is already losing steam, which will force governments to introduce new rounds of stimulus that deepen their already problematic fiscal deficits. The eurozone contracted by a record 12.1 percent during the second quarter of 2020 as lockdown measures negatively impacted consumption, investment and trade. The lifting of those measures led to an improvement in economic activity since late May, but recent indicators suggest that this rebound is weakening as the rise in COVID-19 cases forces governments to reintroduce social distancing measures and international travel warnings. ...

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