Delayed but not derailed: The Eurozone recovery after ‘lockdown light’
Lockdown 2.0 or ‘lockdown light’ in Europe embodies the stop-and-go strategy, which should follow epidemic cycles until a post-vaccine return to normal in 2022. Yet these new restrictions are not a replay of Spring 2020 as their economic hit to Q4 2020 GDP should prove 30-60% less severe. The Eurozone recovery could thus be delayed but not derailed.
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