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European Markets Affected After UK's New Isolation

The second wave of the pandemic cases, causing the UK to impose lockdown measures, has affected the European markets. Closing down at 1.2%, the pan-European Stoxx 600 saw a decline in travel and recreation stocks followed by travel limits due to the resurge of the Covid 19. The UK, concerned over a surge in the pandemic cases, has demanded a 2-week ban for travelers from countries like France, the Netherlands, and Malta. According to the latest report by the European Union statistics agency, the euro zone experienced a 12.1% decline in gross domestic product in the second quarter. The worst ever drop in employment has also been reported. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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