COVID surge threatens Europe’s economic recovery

A resurgence of COVID outbreaks across Europe is threatening the region’s economic recovery:

Austria announced last week that it’s going back into a national lockdown. Skyrocketing infections in Germany have also sparked questions about whether the region’s largest economy could reimpose sweeping restrictions…

Starting Wednesday, German employees must present a negative Covid test, their vaccination status or proof of recovery from the virus in order to go to work…

France could also announce further Covid-19 restrictions after it reported more than 30,000 new infections on Tuesday, a level last seen in early August…

Consumer confidence in the euro zone fell “markedly” in November, according to the European Commission. IHS Markit reported that companies’ expectations this month for future economic output “deteriorated to the lowest since January.”

The next chart plots COVID cases across Europe, which are running at their highest since the pandemic began:

And the next chart plots cases across European nations:

The surge in cases comes despite Europe’s generally high vaccination rates:

The above is bonafide proof that COVID vaccination does not stop the virus from spreading. All it does is reduce serious illness:

It will be interesting watching how events play out over the Northern Hemisphere winter.

Unconventional Economist
Latest posts by Unconventional Economist (see all)

Comments are hidden for Membership Subscribers only.