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