Eurozone’s recovery goes into reverse amid second wave of Covid-19 pandemic
The eurozone is on course for a double-dip recession after the second wave of the Covid-19 pandemic during the last quarter of 2020 sent the currency bloc’s recovery into reverse.
Eurozone national income, or GDP, fell by 0.7% from October to December as governments introduced new restrictions and lockdowns to try to curb the virus. GDP fell by 0.5% in the wider EU in the last three months of the year.
