The massive spike in COVID-19 cases in recent weeks is threatening the European Union's recovery from the deep economic slump caused by last year's onset of the pandemic, the bloc's economy chief says.
People line up at a COVID-19 testing center in the courtyard of the Residenz, in Munich, Germany, Wednesday, Nov. 24, 2021.
The fear is that the fall forecast for 5% growth this year in the 19-nation eurozone could still be hurt by the end-of-year virus crisis. Medical experts warned of more hardship ahead, and called for urgent measures that could impact crucial sectors like the restaurant, bar and tourism industries, already badly hit by the virus last year.
It all goes against initial expectations for the holiday season when it was thought that Europeans unburdened by COVID-19 restrictions would dip into their forced savings of the past year and spend, giving the economy a major shot in the arm.
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