Forecasts for lockdown until February – Shock in the European economy

The “bad” scenario is spreading in Europe and countries, one after the other, are announcing lockdowns in order to limit the new boom, while causing suffocation in the economies. Staffs and analysts are downgrading the forecast for the level of the 2020 recession and the new restrictive measures threaten the recovery with analysts watching…. Goldman Sachs, in fact, estimates that the lockdowns will last for three months and then will gradually ease, but from February. It cuts the wings. The new restrictive measures imposed by the Greek government are accompanied by from financial interventions of 2.3 billion euros by the end of the year and the onset of the pandemic cuts wings and expectations for the height of the recovery in 2021, but mainly for the course of the recession in 2020. Meetings are already being held in the financial staff putting the new data The consequences for the austerity measures in the economy, the recession of 2020, the revenues of November and of course for the draft of 2021 are calculated. 5.5% as a baseline scenario, raising the bar to 7.5% due to the Recovery Fund. All eyes are on the possibility of improving health data from December to breathe a sigh of relief at Christmas. In the interests of the week on Wednesday, the Commission will announce its autumn forecasts for the course of Europe’s economies, which are expected to reflect the high degree of uncertainty of estimates, as well as the budgets prepared by the Member States for 2021. The first A crucial economic review of the new lockdowns is expected to take place at the Eurogroup Summit with a key issue on the agenda: the pandemic and the possible activation of new support tools. , 3% in the fourth quarter. Goldman Sachs analysts predict that it will shrink by 2.3% in the fourth quarter, in a sharp decline in estimates compared to the initial estimate for growth of 2.2%. In the quarter ending in September, the Eurozone economy had recovered, showing a growth rate of 12.7%. The FT poll polled 18 economists from leading banks and institutions, only one of whom believes the economy will not shrink in the fourth quarter. Goldman Sachs analysts, however, leave a gap of light, stressing that economies will hit less. compared to a year ago. This is because the new restrictions are not as strict as last spring and the mobility is not as sensitive to new measures. Stressing that forecasts are uncertain, but remain in the estimate for recovery after the winter, given the expectation of an available vaccine in the third quarter of 2021 that will be accompanied by ongoing monetary and financial support. Follow it on Google News and be the first to know all the newsSee all the latest News from Greece and the World, at

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