Home Business news Eurozone driven into double-dip recession as Covid takes toll

Eurozone driven into double-dip recession as Covid takes toll

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GDP in the 19 economies sharing the euro shrank by 0.6% between January and March

The eurozone fell back into recession in the first three months of the year, as a slow vaccination drive and tougher restrictions to stem a third coronavirus wave damaged the region’s economies.

GDP in the 19 economies sharing the euro shrank by 0.6% between January and March compared with the previous quarter, according to figures from Eurostat, the EU’s statistical office.

Related: Eurozone falls into double-dip recession amid pandemic – business live

Continue reading…GDP in the 19 economies sharing the euro shrank by 0.6% between January and MarchCoronavirus – latest updatesSee all our coronavirus coverageThe eurozone fell back into recession in the first three months of the year, as a slow vaccination drive and tougher restrictions to stem a third coronavirus wave damaged the region’s economies.GDP in the 19 economies sharing the euro shrank by 0.6% between January and March compared with the previous quarter, according to figures from Eurostat, the EU’s statistical office. Related: Eurozone falls into double-dip recession amid pandemic – business live Continue reading…