Economics
Economic Confidence Collapses to a Record Low Across Europe
- French business confidence falls 30 points to 62 in survey
- German consumer sentiment also tumbles to historic low
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Confidence among European businesses and consumers is in free fall as shutdowns to contain the coronavirus push the economy into recession.
Figures on Thursday showed French business confidence plunged to its lowest on record in April with economic activity running 35% below normal levels, while consumer sentiment in Germany also dropped to a record low.