BIMCO’s SNOW: Europe’s economy retracted 4.8% in the fourth quarter of 2020
The European economy retracted 4.8% in the fourth quarter of 2020, as a rebound in COVID-19 cases put an end to the recovery that had started to take shape in the previous quarter. The third quarter of 2020 fell 4.2% from the same quarter in 2019. With a further drop in Q4, the economy took another step back on its path to returning to pre-pandemic levels. The eurozone economy fared even worse with a 5.1% fall...