Sobering Economic Data From Europe, Asia Dash Hopes for Swift Recovery

Early knowledge from Europe and Asia counsel the recovery from the financial crisis precipitated by the coronavirus pandemic could just take extended than originally hoped, with international locations dealing with a long slog to recover missing careers and profits.

The U.K. economy expanded just one.eight{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} in Might in comparison with April, a thirty day period that observed the country’s deepest contraction on report, in accordance to figures released Tuesday. The rebound was feebler than economists had predicted and output in Britain remains about a quarter below the level it had achieved in…