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The Boston Globe

Business

Euro economy shrinks a 6th quarter, a record

PARIS — The eurozone economy shrank for a record sixth consecutive quarter in the first three months of the year, according to data released Wednesday. But when European heads of state meet next week in Brussels, don’t look for any big announcements about plans to stimulate growth.

Europe, experts say, seems to be in policy paralysis. With Germany, the Continent’s economic heavyweight, in the grip of preelection politicking, no big European policy moves are likely until after that country’s elections in September. Even then, it is not clear that anyone has any masterstrokes planned.

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