The return of restrictions weighs on economic activity in Europe.
Containment in Austria or the Netherlands, curfew in Ireland, restrictions on festivities in Germany or Sweden … Measures to contain the spread of the highly contagious Omicron variant of the coronavirus are back in Europe. With them, uncertainties about economic growth return.
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These restrictive measures “Could delay the recovery” economy, acknowledged last week Christine Lagarde, President of the European Central Bank. The return of activity to its pre-pandemic level, expected before the end of the year, is postponed until the first quarter of 2022. “The situation is clearly deteriorating. We continue to wait for the end of the pandemic ”, notes Jean-François Robin, director of macroeconomic research at Natixis.
After a spectacular rebound of 14% of GDP expected this year in Ireland, uncertainty is showering the outlook for next year. “A return to more restrictive public health measures to contain the increase …
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