Coronavirus containment coupled with aggressive stimulus fans recovery hopes

FRANKFURTStringent lockdowns weighed heavily on Europes economy in the second quarter, causing a record decline that was even more severe than in the U.S., but the continents strategy of containment coupled with aggressive stimulus is fanning hopes of a robust recovery.
The eurozones gross domestic product fell 40.3% annually in the three months through June, exceeding the U.S. economys 32.9% contraction, according to data published Friday.