Article preview: The eurozone has unexpectedly entered a double-dip recession, with Germany dragging the bloc into recession territory. The latest official figures show economic contraction in Germany of -1.7% in the first quarter of 2021. The German economy is currently 5% smaller than it was before the onset of the pandemic. Analysts referred to the decline as a “severe setback” for Germany, noting that the country was a positive driver for the entire eurozone economy at the end of last year but has become a drag on economic growth.
Double-dip recession for the eurozone
This 300-word blog post reports on the latest economic data from the eurozone, with a poor showing for Germany dragging the rest of the bloc into a double-dip recession. Written on 30th April 2021.
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