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Europeans Not Feeling Very Hopeful About Their Economy Just Yet

  • Survey reveals consumers are reluctant to make major purchases
  • Companies outlook for hiring and order books are down

Europe is mostly open for business again after months of lockdown. Green shoots are emerging from the economic rubble, with indicators of activity and confidence inching up.

Yet a closer look at the European Commission’s sentiment survey for May shows companies and people are glum about the economy, suggesting any recovery will be drawn out and slow.