Economists have downgraded their forecasts for the eurozone economy – as a wave of fresh lockdown measures come into force across the continent.
They expect the economy to shrink by 2.3 per cent in the fourth quarter of this year. That’s worse than previously predicted before tighter restrictions were announced.
The bloc had rebounded from its recession following the spring lockdown – with a record quarterly GDP growth of 12 point 7 per cent in the three months to September – but the output was still well below pre-pandemic levels.
I’m now joined by Senior Eurozone Economist Bert Colijn from Amsterdam.
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