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Mega GDP Hit Means Help Euro Area’s South or Risk Crisis

Mega GDP Hit Means Help Euro Area’s South or Risk Crisis

Mega GDP Hit Means Help Euro Area’s South or Risk Crisis

(Bloomberg) -- Bloomberg Economics’ best-case scenario for the euro area this year is an 8% reduction in gross domestic product. A worse outcome would be a second wave of infections leading to tighter restrictions and a hit of about 10%. There’s also the increasingly worrying situation where governments fail to act strongly enough in a timely manner, leaving the economy badly scarred for longer, and that threatens to turn a public health crisis into a sovereign debt crisis.

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