Europe Fails To Recover At The Same Pace As The US Market
Julian Marx (Flossbach Von Storch) | Almost two years have passed since the outbreak of the pandemic and economic output in the Eurozone is still below pre-crisis levels, unlike in the US.The ECB envisages a more cautious monetary policy than the dollar bloc (Australia, Canada and the US): real economic output in the US in calendar year 2021 should already be a good two percent above that of 2019. In the eurozone, on the other hand, the statistics for 2021 will probably remain in some cases significantly below the pre-crisis level.