European G.D.P. Shrinks by Historic Margin – The New York Times

European G.D.P. Shrinks by Historic Margin – The New York Times

Here’s what you need to know:

The European economy tumbled into its worst recession on record in the second quarter, as quarantines in countries across the continent brought business, trade and consumer spending to a grinding halt.

From April to June, gross domestic product fell from the first quarter by 11.9 percent in the 27 member states of the European Union, and by 12.1 percent in…

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