Marc-Antoine COLLARD, Chief Economist, Head of Economic Research, Asset Management, Europe
In all likelihood, a global recession is no longer in doubt. Budgetary and monetary support measures might help prevent that this shock, a priori temporary, to cause permanent damage. However, until the population is reassured about the evolution of the pandemic, it is rather illusory to hope it will produce, spend or travel as if nothing had happened the end of the health crisis promises to be highly complex.
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