Eurozone's terrifying industrial decline exposed as trade deficit problem laid bare

It steamed ahead with manufacturing of everything from machinery to aerospace equipment and automobiles.

However, it neglected to really focus on the opportunities of embracing digital technology and artificial intelligence, looking at the new frontiers for economic growth and trade, some critics say.

Others point to high taxes and welfare bills that reduce how competitive the eurozone’s trading can be, and the European Central Bank absorbing debt of member states whilst being forced to print more money.

Within the eurozone, individual countries of the bloc are seeing themselves struggle matching exports with imports.