Bosch and bruegel

PARIS - Boston and New York are reopening for business, but Paris, Rome and Berlin are shuttered again amid a third wave of the coronavirus pandemic. While a quarter of Americans now have at least one COVID-19 shot in their arms, only about 10% of Europeans do. And while a raft of analyses predict the U.S. economy will rebound strongly this year, forecasts for the 27-member European Union are middling. While the coronavirus has taken a heavy health toll on both sides of the Atlantic, recovering from its economic devastation promises to be less egalitarian. Europe's slow vaccination rollout, complications with the AstraZeneca vaccine, more modest stimulus measures and a new upsurge in the virus may widen its near-term growth gap with the U.S., analysts say. Differences will also be sharp across European regions and sectors, they say, with tourist-dependent southern countries like Greece, Malta and Spain bearing the biggest economic hit. Still, Europe also has some key assets, … [Read more...] about Coronavirus Upsurge, Slow Vaccinations Darken EU’s Outlook

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SAINT-DENIS, FRANCE - After being criticized for its slow rollout, Europe is ramping up its coronavirus vaccinations. The faster pace is being seen in France this week, where the country has launched a mass vaccination campaign and witnessed the first vaccine doses roll out from a French factory. Scott Marcus, senior fellow at economic research organization Bruegel, is not surprised by Breton’s promise of a massive vaccine ramp-up. Analyst Daniel Gros, a board member of the Brussels-based Centre for European Policy Studies, looks at the problem another way. He is confident Europe can ramp up vaccine production. “Europe is not too bad at making things… things which are a bit complicated to make, I think they can and will do,” he said. … [Read more...] about From Laggard to Leader? EU Ramps Up Coronavirus Vaccinations