The ECB’s Lane says lockdowns won’t derail European recovery. The market is starting to get jittery.

No less of an expert than the chief economist of the European Central Bank says the raft of new COVID-19 lockdown announcements, including Germany, won’t derail the eurozone economy.

That forecast calls for 4% growth in 2021, after a 6.6% deterioration in 2020. The median forecast is for 4.3% growth, according to a FactSet compilation of 51 estimates.

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