August 1, 2020

Record economic slumps hit Europe in face of resurgent virus

Paris: Nation after nation across Europe on Friday unveiled the extent of historic economic devastation as resurgent coronavirus cases forced agonising new trade-offs between lives and financial health.Six months after the World Health Organization declared a global emergency, the novel coronavirus has infected more than 17 million people and wreaked global economic mayhem. France´s economy contracted by a record 13.8 percent in the second quarter, Spain went into recession after its gross...