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The new measures to curb COVID-19 resurgence could lead to a significant slowdown or even economic contraction in some European countries in the fourth quarter, the European Central Bank (ECB) Vice President Luis De Guindos said on Wednesday.

Additional comments

“Will update Spain’s macroeconomic outlook in December.”

“Recent COVID-19 evolution, measures to curb pandemic point to a worse projected economic scenario in Spain which points to a decline of 12.6% in 2020.”