Global Economics Strategic Report: COVID-19 shock drives eurozone into severe recession, increasing tail risks

Global Economics Strategic Report: COVID-19 shock drives eurozone into severe recession, increasing tail risks

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Published: March 17
Number of Pages: 8 
Content Type: Single Report, Global Economics Strategic Report
Delivery: Email of PDF file

An exceptionally large contraction in eurozone GDP is likely in 2020 given the widespread economic and financial fallout from the coronavirus disease 2019 (COVID-19) virus outbreaks. The consequences for Italy in particular, and the eurozone more broadly, could go well beyond the short-term impact on economic growth. Risks surrounding debt sustainability and deflation are back in the spotlight.