When the novel Coronavirus (COVID-19) initially struck Wuhan, China in January 2020, most investors in Europe did not expect the disease to reach the continent. Yet here we are; a seemingly innocuous holiday stop in the French Alps by a Brit returning home from a conference in Singapore has morphed into a full-scale virus outbreak […]
Lockdown
Investors in Europe: 2020 Coronavirus Update
Investors in Europe: 2020 Coronavirus Update
Lockdowns across Europe have resulted in unprecedented economic damage over the first half of 2020. Eurozone GDP fell 12% in the 2nd quarter of 2020 following a 4% contraction in Q1.
France lifts lid on gradual virus deconfinement plan (Euractiv)
“Prime Minister Edouard Philippe unveiled, in a speech to MPs before the National Assembly, the outlines of the country’s deconfinement plan, which is due to begin on 11 May.” – by Cécile Barbière and Daniel Eck
Greece unveils plan to loosen lockdown (Ekathimerini)
“The plan will unfold in three phases – from May 4 to mid-June – and, depending on the data, it will change accordingly.”
Spain’s prime minister announces coronavirus deescalation measures
“The transition to a “new normality” will last six to eight weeks, explains Pedro Sánchez, with continuing restrictions on travel to other provinces and Spanish islands.” – by Carlos E. Cué, Javier Salvatierra and Isabel Valdés and Simon Hunter