![Europe’s Economy in Tatters as Coronavirus Lockdowns Tighten Luis de Guindos, vice president of the European Central Bank, says Europe is expected to slip into a recession of a transitory nature. (Photo by Arturo Rey on Unsplash)](https://via.news/wp-content/uploads/2020/03/Europe-is-expected-to-slip-into-a-recession-of-a-transitory-nature.-Photo-by-Arturo-Rey-on-Unsplash-scaled-1.jpg)
Europe’s Economy in Tatters as Coronavirus Lockdowns Tighten
Long before the coronavirus unleashed a massive wave of shock across the world, economists had envisioned several scenarios for a possible recession in Europe. However, few would have thought that some of the largest economies in the world would find themselves at war with a novel virus. The coronavirus has brought economic activities almost to…