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Europe’s Slow Recovery From Factory Slump Hit by Coronavirus

  • Virus is a ‘key downside risk,’ European Commission says
  • Report comes amid warnings from companies hit by outbreak
Drinks giant Pernod Ricard cut its forecast for full-year profit growth by about half. 

Drinks giant Pernod Ricard cut its forecast for full-year profit growth by about half. 

Photographer: Luke MacGregor/Bloomberg
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European weak economic growth is set to continue this year, the bloc’s executive said, warning that a deadly viral outbreak could further damp the outlook.