Europe faces an economic winter as the virus returns

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European economies could contract again in the fourth quarter as a second wave of coronavirus infections hits.

Economists predicted a rebound in the second half of 2020 but they are now questioning those forecasts.

A nurse disinfects the hands of a patient at the Calesas healthcare centre in the Usera neighbourhood, under partial lockdown, in Madrid.infections that could once again wreak significant damage on the region's economy. "The likelihood of a double dip, i.e. another contraction in the fourth quarter, has increased significantly," Carsten Brzeski, a chief economist at ING, told CNBC Wednesday.


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