UBS: European recession from coronavirus 'inevitable' similar to 2008 - Business Insider

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A deep European recession is now 'inevitable' and it could hit the continent as hard as 2008 despite policy moves, UBS says

A trader wears a face mask on the floor of the New York Stock Exchange after traders testing positive for the novel coronavirus, COVID-19, in New York, March 19, 2020.UBS says that a deep recession in Europe is now its base case scenario despite heavy fiscal and monetary stimulus.

"A European recession appears inevitable – the question is how deep and long it will be," said UBS economists in a research note. The Swiss bank said that the continent's economy could shrink by as much as 4.5% similar to the global financial crisis in 2008 in a research note. In recent weeks, the European Central Bank hasin a bid to boost countries which have been adversely impacted by coronavirus.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

in such a critical moment for COVID19 , while there are bombings outside, it is strongly suggested to keep the Market Stock Exchange open.. Very clever decision.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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