Europe back in recession as eurozone economy pays the price for a botched vaccination rollout Fortune 4/30/2021 © Wire photography: Kiran Ridley Getty Images
The euro-area economy slid into a double-dip recession at the start of the year as strict coronavirus lockdowns across the region kept many businesses shuttered and consumers wary to spend.
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Reports from some of its biggest members show how far behind the European Union is in recovering from the pandemic amid a slow vaccine rollout. Output in the 19-nation euro area was down 0.6% in the first quarter and declined at nearly three times that pace in Germany.
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