Investors braced for historic eurozone recession amid pandemic chaos – business live


Rolling live coverage of business, economics and financial markets as deepest GDP fall on record expected

8.00am BST

Good morning, and welcome to our live coverage of business, economics, the eurozone and financial markets on a fine summer’s day across much of the UK.

Economists are not the only ones who could tell you that economic activity has stalled in most major economies because of the coronavirus pandemic, but today they will give a first view of exactly how bad the picture is for the eurozone economy, with the first estimate of GDP growth for the second quarter.

Related: Tech giants’ shares soar as companies benefit from Covid-19 pandemic

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