Markets

French GDP dropped at the fastest rate in history, contracting 14% in the second quarter — the latest European economy to reveal its pandemic pain

France posted a nearly 14% decline in output, a third consecutive quarterly drop for the economy, and the worst three month fall in history, according to data released Friday. Although things were expected to be worse as economists predicted a decline of 15.2%, the second-quarter figures reflect the painful economic […]
French GDP dropped at the fastest rate in history, contracting 14% in the second quarter — the latest European economy to reveal its pandemic pain
Markets

The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys

Some European economies are picking up from coronavirus-led recessions earlier in the year as they loosen lockdown restrictions and reopen businesses, a set of business surveys showed. IHS Markit’s Composite Purchasing Managers’ Index showed significant improvements in both manufacturing and service sectors in July for the UK, France, Germany, and […]
The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys
Markets

Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey

Europe’s major economies continued to bounce back from their coronavirus driven slump in June, according to a widely-watched set of business surveys. IHS Markit’s Composite Purchasing Managers Index (PMI) posted better than expected readings for the Eurozone, the UK, France, and Germany. France even registered an expansion in activity. The […]
Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey
Markets

These 4 charts show the staggering scale of Europe’s ‘shocking’ economic disaster during the coronavirus pandemic

The eurozone’s private sector economy nosedived in April, with surveys from the region’s four largest powers shrinking to record lows far worse than those seen during the 2008 financial crisis. Reflecting the impact of ongoing restrictions to non-essential economic activities across the euro-region, both service and manufacturing activity levels contracted […]
These 4 charts show the staggering scale of Europe’s ‘shocking’ economic disaster during the coronavirus pandemic