Western media said that European data showed that the economic recovery of European powers needs to wait next spring will generally resume growth.
According to a report on the website of the Spanish “Economist” on August 29, Spain and Italy are the European countries whose economies have been most severely affected by the new crown epidemic, and it will be more difficult to regain vitality. The rebound of the epidemic and the continuation of various epidemic prevention measures, coupled with the status quo of the sovereign debt market, will become the biggest threat to European economic recovery. Judging from the current situation, I am afraid that it will not be until the spring of 2021 for the economic activities of the major euro zone countries to fully recover, and Spain will be one of the countries facing the most difficulties. The latest data on the Eurozone Economic Sentiment Index released by the European Commission shows that Spain is the only country in a large economy that has worsened business confidence and decreased employment expectations after three months of growth.
Specifically, Spain’s actual GDP growth rate in the second quarter of 2021 is expected to reach 18.9% year-on-year, Germany’s 10.4%, France’s 18.2%, Italy’s 14.9%, and the United Kingdom, which does not belong to the EU but whose economy still maintains close ties with the EU, is 20.8 %. But the main reason for this strong growth momentum is that economic activity has stalled in the second quarter of 2020-governments of various countries have implemented partial or full quarantine measures and closed borders to prevent the further spread of the new crown virus.
Bloomberg analysts predict that from the spring of 2021,the economic recovery of European powers needs to wait next spring，the economy is expected to recover slowly and continuously until it returns to the level before the new crown epidemic, and Europe may once again experience a two-speed recovery. Experts believe that Germany will get rid of the crisis soon, while other countries hit hard by the epidemic, such as Spain or Italy, have a strong dependence on tourism and suffered a large economic decline at the beginning of the new crown virus pandemic. Face more difficulties.
