Economics
European Economy Lags China and U.S. on Pandemic Recovery
- Continent starts 2021 on the back foot as U.S. regains stride
- Region’s double-dip recession is widening disparity with peers
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Europe’s economy is starting to follow the familiar script of lagging its international peers when recovering from a crisis.
That was the upshot of the International Monetary Fund’s forecasts on Tuesday, which downgraded the growth outlook for 2021 across Europe and underscored a generally poorer performance compared with China and the U.S.