Dark déjà vu for European economy as virus cases spike

Fox Business | Oct 17, 2020 at 9:51 AM
  • Europe’s economy was just catching its breath from what had been the sharpest recession in modern history.
  • A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and bankruptcies.
  • As with the pandemic’s initial surge in the spring, the sectors in Europe most affected by limits on public life are services including travel and hospitality — those that depend most on face-to-face contact between people.