Economics
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.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
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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.