BRUSSELS—The eurozone economy will suffer a sharp recession this year and only partially recover next year, according to European Commission forecasts, with the global health emergency likely to send debt levels soaring and deepen longstanding divisions within the currency bloc that could threaten its stability.
The commission’s forecasts come on the heels of recent data showing that Europe is already suffering deep damage from the coronavirus pandemic, particularly to its southern members, whose economies have long lagged...
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