Early data from Europe and Asia suggest the recovery from the economic crisis precipitated by the coronavirus pandemic could take longer than originally hoped, with countries facing a long slog to recover lost jobs and income. The U.K. economy expanded just 1.8% in May compared with April, a month that saw the country’s deepest contraction on record, according to figures published Tuesday. The rebound was feebler than economists had predicted and output in Britain remains around a quarter below the level it had reached in...

Source: Wall Street Journal July 14, 2020 11:18 UTC