Weak Lending in Europe Hampers Covid-19 Recovery

Weak Lending in Europe Hampers Covid-19 Recovery - WSJ

According to the European Central Bank’s latest lending survey. companies’ demand for loans and credit lines fell for the third quarter in a row. as they postpone investments while the pandemic triggers fresh lockdowns and other restrictions in many parts of Europe.

Demand for business loans in the eurozone fell and banks tightened credit standards in the first quarter of this year. a toxic combination that challenges the bloc’s slow economic recovery from the pandemic. According to the European Central Bank’s latest lending survey released Tuesday.

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