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Economics

European Economy Lags China and U.S. on Pandemic Recovery

  • Continent starts 2021 on the back foot as U.S. regains stride
  • Region’s double-dip recession is widening disparity with peers
Rail And Container Shipping Operations At Berlin's Behala Inland Port
Photographer: Liesa Johannssen-Koppitz/Bloomberg
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Europe’s economy is starting to follow the familiar script of lagging its international peers when recovering from a crisis.

That was the upshot of the International Monetary Fund’s forecasts on Tuesday, which downgraded the growth outlook for 2021 across Europe and underscored a generally poorer performance compared with China and the U.S.