Economics
Euro Area’s Path to Growth Haunted by Post-Pandemic Uncertainty
- Quarterly pace of economic contraction slowed to 0.2% in June
- ‘The upturn signals a remarkably swift turnaround’: IHS Markit
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The euro-area economy should grow again in the third quarter although weak demand and mounting job cuts will likely weigh on the recovery.
The quarterly pace of economic contraction slowed to a mere 0.2% in June, with a gauge measuring private-sector activity rising to a four-month high, according to IHS Markit. While orders -- from home and abroad -- continued to decline, companies grew confident that a continued easing of lockdown restrictions would break that trend over the next year.