Double-Dip Recession Risks Becoming Base Case For Europe As Virus Spreads Anew

Double-Dip Recession Risks Becoming Base Case For Europe As Virus Spreads Anew

About that European recovery. It's in serious doubt. And there's no mystery around why. As you're probably apprised, Europe is dealing with a serious second wave of the virus, and that's forcing the region's largest economies to implement various containment protocols. Even if most politicians are loath to return to anything that can be described as a "lockdown," the situation is becoming quite acute. Read more: As Spain, France Top 1 Million Virus Cases, Half Of European SMEs May Be Gone In
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3 thoughts on “Double-Dip Recession Risks Becoming Base Case For Europe As Virus Spreads Anew

  1. Hopefully those European PMIs do not portend for the US. PMIs. I was just looking at the IHS PMIs for US. Fortunately, they are strong…for now.

    We know we’re a few weeks behind Europe when it comes to COVID. but with a higher peak, if the first episode in spring is anything to judge by. Hopefully, this time, we can mitigate, and make this episode a double top rather than going up and testing trendline resistance at 100,000 / day. I fear for the latter and what it means for both the human toll (not everyone receives the world-class socialized medicine afforded the president) and cost to the economy.

    1. The current rise in US cases started about 6 weeks ago. So far, not much of a change in the number of deaths.
      The rise in deaths in the summer followed the rise in cases by about 3 weeks.
      Seems to be that we are learning to live with it.
      However, that’s on a national level, not state-by-state where there are sure to be areas of stress on hospitals and ICUs.

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