Euro economy burdened by pandemic, seen lagging US and China

Euro economy burdened by pandemic, seen lagging US and China By  Listen to this By DAVID McHUGH FRANKFURT, Germany (AP) — The European economy shrank 0.7% in the last three months of 2020 as businesses were hit by a new round of lockdowns aimed at containing a resurgence of the coronavirus pandemic. The quarterly drop in the official figure released Tuesday was not as sharp as experts had feared. But that couldn't erase a gloomier outlook for this year: the 19 countries that use the euro are forecast to lag China and the U.S. in bouncing back from the…