Europe on brink of deep recession as Australian manufacturing crashes to worst level in 28 years

Europe is on the brink of a deep recession with the Eurozone economy contracting by 4.8 percent in the most recent quarter. 

European Central Bank president Christine Lagarde has warned of worst to come. 

Manufacturing in April crashed to worst level in 28 years according to a survey Australian Industry Group. 

AI Group chief executive Innes Willox tells ABC's Peter Ryan that employment will take years to recover from the economic lockdown.