ECB expects eurozone economy to contract -5% to -12% this year

<p>In the post meeting press conference, ECB President Christine Lagarde said said the Eurozone is “facing an economic contraction of a magnitude and speed that are unprecedented in peacetime”. While GDP shrank by -3.8% qoq, “sharp downturn in economic activity in April suggests that the impact is likely to be even more severe in the […]</p>
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