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Jobs recovery at high risk as eurozone economy hit again

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The road back: Sites have reopened but some workers may not have jobs to return to

The road back: Sites have reopened but some workers may not have jobs to return to

The road back: Sites have reopened but some workers may not have jobs to return to

Economic activity in the eurozone plunged again in May thanks to the lockdowns that have closed most businesses. And although the decline was not as steep as in April when the pandemic first hit the economy hard, there were few signs that a sharp recovery was in the offing.

The most worrying aspect of the report was the bleak outlook for jobs and the prospect of a rash of redundancies when the short-term jobs schemes across the Eurozone come to an end and firing bans are lifted.


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