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Coronavirus hit to eurozone economy set to dwarf financial crisis

GDP expected to shrink by 8 to 12 per cent this year, ECB president Christine Lagarde warns

The eurozone economy will shrink by 8 to 12 per cent this year as the “sudden stop of activity” caused by coronavirus triggers a recession twice as deep as after the 2008 financial crisis, European Central Bank president Christine Lagarde has warned. Ms Lagarde told students on a live webinar on Wednesday that the bloc…

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