Europe’s Recession Contrasts Economic Fortunes of U.S. Expansion

Posted on AllSides April 30th, 2021
From The Left
ANALYSIS

Economic reports released on both sides of the Atlantic this week painted very different pictures of how the United States and Europe are recovering from the pandemic. The lesson: Along with vaccines, it pays to unleash enormous amounts of public money in the face of a livelihood-destroying health crisis.

Europe provided less relief and ended up in a so-called double-dip recession in the first three months of the year, a reality confirmed on Friday by an official estimate showing that the eurozone economy contracted by 0.6 percent.

That came a...

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