BRUSSELS, Jan 24 — Economic growth in the eurozone slowed sharply in January, a key survey showed today, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region’s recovery.
IHS Markit said that the sky-high caseloads for the highly contagious Omicron variant had disrupted consumer-facing services through staff absences and continued social distancing. Tourism, travel and recreation were “especially hard hit”, said Chris Williamson, chief business economist at IHS Markit.
On the other hand, growth in France reached its lowest level since April, with a near-stagnant industrial sector and a much weaker performance in its Omicron-hit services sector.
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