Europe in crisis as economic growth plummets to nine month low | City & Business | Finance

The Netherlands re-introduced lockdown leading to protests this week while Austria has imposed restrictions on those unvaccinated.

In Germany, which has restricted private gatherings and large events, economic growth was found to have broadly stagnated in December.

Melanie Debono, Senior Eurozone Economist at Pantheon Macroeconomics, predicted further falls in the PMI should be expected.

Angel Talavera, Head of European Economics at Oxford Economics, said the figures added: “further evidence that European economies were slowing down towards the end of last year, in particular in places where Covid restrictions were already imposed earlier and were harsher such as in Germany.”

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