1.6.21
With COVID-19 infection rates still high in Europe, there appears to be little prospect of a strong rebound in the early months of 2021 and a risk that the UK will fall back into recession, according to the Wall Street Journal. The European Central Bank estimates that the eurozone economy shrank by 2.2 percent in the final quarter of 2020. High levels of new infections, coupled with restrictions on restaurants and other services that involve close physical proximity, signifies possible further decline in output in the first quarter of this year.