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Slow pace of vaccinations pushes Europe towards second economic slump

The European economy is likely to contract over the first three months of 2021 and perhaps into the early part of the next quarter, says an Oxford Economics report

February 03, 2021 / 15:49 IST
A state health worker, left, prepares a Pfizer coronavirus vaccine for residents waiting in a hall at the San Jeronimo nursing home, in Estella, around 38 kilometers (23 miles) from Pamplona, northern Spain, January 7. Spain plans to receive over 4.5 million doses of the vaccine over the next three months, enough it says to immunize just over 2.2 million people. The government estimates that this first phase will be enough to cover nursing home residents and workers, followed by health workers in general and people with disabilities. (Image: AP/Alvaro Barrientos)
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