Lockdowns Battered The Eurozone Economy in Q2

The pain has been so damaging to jobs and industries that the government is talking down the possibility of another nationwide lockdown as infections tick upward again.

Finance minister Bruno Le Maire called on French people to spend more to help the economy recover.

“All the growth in GDP seen in the 2010-2019 decade has been wiped out in five months,” said Marc Ostwald, chief economist at ADM Investor Services International.

In Italy's case, economists said it wiped out about 30 years of growth. (Writers: John Leicester, David McHugh) 

Source: https://apnews.com/5ee44af8197a724cfb1ad16787275fbe