Eurozone economy on track for double-dip recession

A new survey by IHS Markit showed

A new survey by IHS Markit showed that the eurozone’s economic recovery stalled last month due to a second wave of Covid and the related restrictions, which crushed activity in the bloc’s dominant service industry.

HS Markit’s final Composite Purchasing Managers’ Index (considered a good gauge of economic health) dropped to 50.0 last month, from September’s 50.4.

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