How to be surprised? Act II of the health crisis draws worrying economic prospects for many months to come, even years. Unless, of course, if a vaccine against Covid-19 was in serious danger. The announcement by the Pfizer laboratory of good news on this front also ignited the markets at the start of the week. But, for the moment, the economy remains gloomy and the European Commission revised its forecasts on November 5. Activity in the euro area is not expected to return to its pre-pandemic level before 2022, Brussels warned. The eurozone economy will contract 7.8% this year before growing 4.2% in 2021 and 3% in 2022. This summer it forecast a drop in GDP of 8.7% in 2020 before a 6.1% rebound next year
The 100 billion euro stimulus plan put in place will have only a limited impact in 2021. Due to the delays in implementing these financial support measures for activity, its effect on French growth would be limited to 1.1 points next year, according to estimates from the French Economic Observatory (OFCE).
As for the suspense that immediately followed the US presidential election, before Joe Biden crossed the 270 electorate mark needed to gain access to the Oval Office, he should have brought his share of instability to the stock markets … he has on the contrary was accompanied by a sharp rise in stock market indices, without
To read the remaining 80%,
test the offer at 1 € without obligation.