Increasingly stringent measures to restrict the spread of infections, including lockdowns or quasi-lockdowns across Europe, could push back or even reverse the pace and timing of recovery
Although some countries have taken measures to curb the pandemic, the restrictions are limited and the economy is continuing to recover, both in manufacturing and services, says Guy Wagner, Chief Investment Officer and managing director of BLI – Banque de Luxembourg Investments.
European bond yields are benefiting from the acceleration in PEPP purchases and the stabilization of inflation, while the euro dipped back to around $ 1.18.
Rising numbers of jabs hold the key to economic reopening, High levels of savings expected to be unleashed on spending, Fiscal stimulus is strong while higher global trade benefits EU.
Report about how the Next Generation EU, the European Commission Recovery and Resilience plan will help the economies more affected fo the Covid-19 crisis.