FRANKFURT—Stringent lockdowns weighed seriously on Europe’s economy in the 2nd quarter, resulting in a report decrease that was even far more severe than in the U.S., but the continent’s approach of containment coupled with aggressive stimulus is fanning hopes of a sturdy recovery.
The eurozone’s gross domestic product fell 40.3{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} on a yearly basis in the 3 months by June, exceeding the U.S. economy’s 32.9{79e59ee6e2f5cf570628ed7ac4055bef3419265de010b59461d891d43fac5627} contraction, according to facts posted Friday. That is by much the sharpest decrease given that similar data began in 1995, according…
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