Italy and Spain’s economies hit hardest by Covid-19 in Europe
The European Central Bank has warned that GDP in the EU could decline as much as 15% in the second quarter
06 May 2020 - 11:23
Frankfurt — Italy and Spain, the two European countries most severely hit by the coronavirus, are suffering even deeper slumps after record contractions in the first quarter.
Lockdowns that shut hotels and restaurants meant companies experienced unprecedented declines in output and new orders in April, and cut jobs like never before in the history of IHS Markit’s purchasing managers’ surveys...
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