Asia makes it better!
09 November 2020
Posted in
sentix Economic News
The rising number of positive PCR test results is causing politicians to fear an uncontrolled spread of the corona virus. Although the serious consequences of a lockdown on economic development were experienced in March, most governments in Europe are going down the path of renewed contact restrictions. Although these do not have the same negative effect as in March, they do dampen the economic recovery process. Surprisingly, however, the effect on the sentix business cycle index is surprisingly limited at -1.7 points on an overall index of -10 points. The reason for this "mild lockdown" is probably the positive dynamics in Asia and the USA.
Headlines of the month
- The sentix economic expectations for Euroland fall for the third time in a row and reach +22 points, the lowest level since May 2020.
- However, the renewed lockdowns in many EU countries have less impact than feared. The situation values re-main constant, and in Germany we even measure the sixth consecutive increase to -17.5 points. This is the best value since March 2020!
- The reason for this surprisingly small negative impact of corona containment measures on economic dynamics is probably the very positive development in Asia and the USA. Here, drastic restrictions on economic activity are being avoided, which is already releasing booming growth forces, especially in Asia ex Japan.
sentix Eco Report Euro area
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