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A double-dip recession in the Eurozone is ‘increasingly inevitable’ due to Covid-19, with France among the countries most seriously hit, experts have warned. The slowdown in Eurozone business activities intensified in January as the pandemic continued to batter the economy, a key survey showed on Friday. The closely watched PMI index compiled by IHS Markit … Read more
A double-dip recession in the Eurozone is ‘increasingly inevitable’ due to Covid-19, with France among the countries most seriously hit, experts have warned. The slowdown in Eurozone business activities intensified in January as the pandemic continued to batter the economy, a key survey showed on Friday. The closely watched PMI index compiled by IHS Markit … Read more
China’s economy grew by 2.3 per cent in 2020, official figures revealed today, making the the country where the pandemic began the only major economy to grow at all last year while the rest of the world was ravaged by Covid-19. After allegedly covering up the outbreak in its early stages, China brought the epidemic … Read more
London markets reverse early losses to trade only 0.2% or 14 points down at 5,885 after Rishi Sunak reveals ‘winter plan’ to protect jobs FTSE 100 index of UK’s biggest companies falls 0.2% or 14 points to 5,885 today But it turned around early losses which saw it trading down 1.3% this morning Rishi Sunak … Read more
Eurozone suffers biggest economic contraction as countries across bloc are hammered by coronsvirus pandemic By Daily Mail City & Finance Reporter Published: 21:57 BST, 31 July 2020 | Updated: 22:17 BST, 31 July 2020 The eurozone suffered its biggest ever economic contraction over the spring as countries across the bloc were hammered by the Covid-19 … Read more
Manufacturing activity in eurozone at record low due to factory closures to prevent spread of coronavirus By Daily Mail City & Finance Reporter Published: 22:08 BST, 4 May 2020 | Updated: 22:08 BST, 4 May 2020 Manufacturing activity in the eurozone has plummeted to a record low as factories closed to prevent the spread of … Read more
Eurozone economy suffers its worst drop on record as it shrinks by 3.8% in the first quarter amid coronavirus shutdown as experts warn of worse to come in next three months GDP in 19-member eurozone suffered worst slump since records began in 1995 Economists expect worse to come because lockdowns are still only weeks old … Read more
Businesses in the eurozone see ‘unprecedented collapse’ due to coronavirus – ‘far worse than the height of the global financial crisis’ The purchasing managers’ index (PMI) slumped to its lowest level on record Companies in the service sector are cutting jobs at fastest pace since May 2009 France and Germany have both seen record declines … Read more