Europe's economy shrinks in first quarter as US rolls ahead
2 weeks ago
Fox Business Flash top headlines for April 29
Check out what’s clicking on FoxBusiness.com.
FRANKFURT, Germany — The European economy contracted 0.6% in the first three months of the year as slow vaccine rollouts and extended lockdowns delayed a hoped-for recovery.
STOCKS HIT RECORDS AFTER GDP JUMP AND FACEBOOK, APPLE EARNINGS
The contraction in the 19 countries that use the euro currency compares to a robust rebound underway in the United States. Growth figures announced Thursday showed the U.S. grew 1.6% during the first quarter, with business supported by strong consumer demand. On an annualized basis, the U.S. grew 6.4%.