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Recession Looms in Europe as French Demand ‘Call to Arms’

  • Morgan Stanley, Nomura cut outlook for euro-area expansion
  • ECB policy makers meet this week amid panic in markets
A worker, wearing a protective face mask, stands at his souvenir shop in Venice.

A worker, wearing a protective face mask, stands at his souvenir shop in Venice.

Photographer: Francesca Volpi/Bloomberg
Updated on

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The euro-area economy may be headed for its first recession in seven years as the coronavirus outbreak takes an increasing toll on businesses and consumer confidence.