Ezz_steel1
kuwait_steel1
Arab Steel Summit
Ezz_Web_Banner_Side_280x200
qatar_steel2
SMS group
Steelco
Awards
Arab Steel Summit
steelradar

Slower Growth Makes for 4.1% Euro-Area Contraction in the First Quarter

Under pessimistic assumptions on the duration of new lockdown restrictions to contain the spread of Covid-19, Bloomberg Economics

lowered its first-quarter estimate for the euro-area economy to a 4.1% contraction, after a 1.5% drop in the final three months of 2020.

 That will mark the second technical recession in the region as a result of the pandemic. But as inoculations gather pace and allow restrictions to be eased.

BE forecasts growth of 4.8% in the second quarter and 3.1% in the third.

 

Twitter
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News