Economies begin to emerge

AXA
By May 21, 2020 12:11

Economies begin to emerge

  • As larger economies move from peak lockdown to gradual re-opening, each region exhibits its own risks to the broader recovery.
  • The US appears to be gambling on a trade-off between easing restrictions relatively early and the chances of a second wave of the virus.
  • The Eurozone’s approach to lockdown has had a more adverse economic impact, but should minimise second wave risks. European institutions threaten effective policy response, including the German Constitutional Court ruling over ECB policy, but Recovery Fund proposal could be a breakthrough.
AXA
By May 21, 2020 12:11

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