Europe's Economy to Outpace U.S. in Upending of Past Roles

[Nevilledog]

https://www.bloomberg.com/news/articles/2020-07-26/europe-s-economy-set-to-outpace-u-s-in-upending-of-past-roles

The euro area economy is for once set for a sprightlier recovery from crisis than the U.S., thanks to starkly different responses to the coronavirus.

America’s failure to get a grip on the pandemic is putting the brakes on its rebound compared with Europe, where many former virus hot spots managed to resume economic activity without causing a similar surge in infections.

Crucial for a sustainable recovery is confidence that the virus is no longer out of control, and Europe’s relative success may help encourage shoppers to spend and businesses to invest, further propelling demand and growth. The region has also done a better job of protecting jobs and incomes, at least for now, with furlough programs keeping millions of workers on payrolls.

According to JPMorgan Chase & Co., Europe will do better because it has “broken the chain” that links mobility and the virus. Goldman Sachs Group Inc. has cited effective virus control as one reason it expects a “steeper and smoother rebound in the euro area than elsewhere.”

*snip*

[Wounded Bear]

1. Sigh...anybody else tired of all the winning?

[elleng]

2. IF they'd let us in, maybe SOME year I can take my grandkids.

[Yavin4]

3. Not being able to travel has taken a real toll on me.

Traveling was the centerpiece of my happiness.