Listen: Europe’s second wave sends recovery into reverse
New lockdown measures to stem the spread of the virus in Europe are threatening to plunge the region back into recession after a brief respite over the summer, while disputes among policymakers risk delaying much-needed stimulus. In this podcast, ING's Bert Colijn discusses the outlook for the region in the fourth quarter and beyond
In its World Economic Outlook this week, the IMF predicted a "long, uneven and highly uncertain" path out of the Covid-19 crisis. For the euro area specifically, the fund predicted a contraction of 8.3% this year, the worst performance since the Great Depression and much worse than the 4.3% contraction expected for the US. In this podcast, ING's Senior Eurozone Economist Bert Colijn tells Senior Editor Rebecca Byrne what he's expecting, as new restrictions come into force across the region.
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