Is the worst behind us?
After the shock of lockdowns came out, economists and political leaders have been feeling the pulse of the economy all summer, in order to get an idea of the strength of the recovery.
In this return, a mixed picture emerges.
Some indicators point to a somewhat less severe recession than expected, while others point to a prolonged slump.
At the risk of allowing geographic divergences to settle within Europe.
On average, euro area GDP fell by 11.8% in the second quarter.
The rebound will therefore be strong in the third.
"It makes sense to have an incredible figure in the third quarter after a terrible second quarter,"
notes Philippe Gudin, economist at Barclays.
We will have made up some of the lost potential, but not all of it.
The big uncertainty relates to the fourth quarter. "
Read also:
The specter of deflation threatens Europe
It's mechanical.
On leaving confinement, consumption soared in June, before settling down during the summer.
The sales
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