BRUSSELS—The eurozone economy will suffer “a recession of historic proportions this year” because of the coronavirus pandemic, European Union officials predicted, with soaring national debts entrenching economic divisions between countries that could threaten the currency bloc’s stability. The European Commission’s forecasts follow recent data showing that Europe is already suffering deep damage from the global health emergency. The hit is particularly hard in its southern members, whose economies have long lagged behind wealthier...

Source: Wall Street Journal May 06, 2020 10:31 UTC