MUNICH: The eurozone economy is poised to shrink again at the start of this year as the resurgent pandemic plunges the region into a double-dip recession.
Analysts at banks including JPMorgan Chase & Co and UBS Group AG are downgrading forecasts to account for renewed lockdowns – in some places tougher than ever – and the prospect that the new coronavirus variant ravaging the UK will do the same on the continent.
Add vaccination delays to trade disruptions because of Brexit, and the scene is set for a second straight quarter of falling gross domestic product.
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