Economics
Euro Zone’s Crunch Quarter for Crisis Recovery Is Starting
- Destiny of economy hinges on sudden vaccination scale-up
- Forecasters are converging more toward partial recovery
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Europe’s stuttering efforts to overcome the coronavirus crisis may finally be about to reach a turning point.
After a troubled start to its vaccination drive, progress on ramping up inoculations in the second quarter will determine whether the euro area can finally shake off the worst economic turmoil in living memory or languish further behind its peers.