Survey Highlights

摘要

A spate of new national lockdowns across Western Europe have quashed a revival in growth momentum and increased the odds of a double-dip or "W" shaped GDP contraction in Q4 2020. On the upside, the restrictions are generally less intrusive than those which crippled activity back in the spring, partly due to better-prepared health and other essential services. Nevertheless, rising infection rates and the risk of health systems being overwhelmed (exacerbated by less-favourable winter weather) has led to large segments of the services sector being shut down once again, prompting governments to extend their support programmes for workers and businesses.