Covid-hit eurozone in better shape than once feared 

Christine Lagarde, President of the European Central Bank which has stimulated the eurozone economy through the pandemic.

Europe appears to have weathered a pandemic-induced recession better than many feared, a slew of indicators has suggested, but prospects for a second wave of infections and a hard Brexit are once again raising talk of more stimulus.

Having shrunk by over a tenth last quarter, the eurozone economy is quickly regaining strength on the back of relatively resilient consumption, supported by job subsidy schemes, tax cuts, and lavish stimulus from the ECB.