Bloomberg

Europe's recovery from manufacturing slump hit by coronavirus

Drinks giant Pernod Ricard on Thursday cut its forecast for full-year profit growth by about half.  Foto: Hector Retama/AFP

European economic malaise is set to continue this year, the bloc's executive said, warning that a deadly viral outbreak could further damp the outlook.

A month after a U.S.-China deal offered hope for global trade and industry, the coronavirus that's killed more than 1,000 people in China and crippled parts of the country's manufacturing capacity has pushed the world into a new crisis. The European Commission singled it out as a "key downside risk."..

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