The European economy remains firmly in the grip of the Covid-19 pandemic. Since September, the number of new infections has been on the rise again in most European member states. By the time the books were closed on our autumn forecast on 22 October, a second wave of the pandemic was in full swing across much of Europe. With infections spreading and hospitals under pressure once more, governments are left with little choice but to put in place new restrictions to curb the rapidly rising epidemiological trend and bring it back to more tolerable levels. But the economy is still suffering from the deep contraction in the first half of the year and authorities are striving to keep the scope and duration of the restrictions to social life and economic activity as limited as possible.
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Key features of the Commission’s Autumn 2020 forecast | VOX, CEPR Policy Portal
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