WORLD Eurozone enters double-dip recession in first quarter

WORLD

Eurozone enters double-dip recession in first quarter

AFP

17:11, April 30, 2021

The eurozone economy fell into a second recession in less than a year in the first quarter, data showed on Friday, as slow vaccinations and pandemic lockdowns stopped a rebound.

File photo: AFP

Eurozone output fell by 0.6 percent in the first quarter, the EU's statistics agency Eurostat said while unemployment numbers for March fell and inflation neared target levels.

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