Economics
Europe Is About to Get First Glimpse at Virus Economic Damage
- Reports due this week include PMIs, business and consumer mood
- Governments extend lockdowns as number of infections soar
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Europe is about to learn how badly the coronavirus has already scarred its economy, with the true extent of the damage still hard to grasp.
Large parts of the continent are under lockdown to rein in the disease, affecting everything from mom-and-pop stores to manufacturing giants like Volkswagen AG, and pushing the region into recession. Reports due on activity and sentiment in March could show huge declines, reflecting the unprecedented paralysis of the economy.