The bloc’s economy will shrink again this quarter, according to a Reuters poll, but with hopes for a coronavirus vaccine and additional support from the European Central Bank, quarterly growth forecasts for next year were upgraded. [ECILT/EU]
“The euro zone economy slipped back into a downturn in November as governments stepped up the fight against COVID-19, with business activity hit once again by new restrictions to fight off second waves of virus infections,” said Chris Williamson, chief business economist at IHS Markit. With hospitality venues forced to close, shops to shut and citizens encouraged to stay at home, demand slumped. The services new business index fell to 40.6 from 45.7.
Yes, called depression. Your writers are jokes
US 🇺🇸 TROOPS ATTACKED CIA IN GERMANY 🇩🇪 5 SOLDIERS KILLED