Second Wave of Pandemic Halts Economic Recovery in Europe

摘要

2021 was expected by forecasters to be a year of strong, prolonged economic recovery in Europe from a COVED-19-induced deep recession. However, after a brief rebound in the summer and early autumn of 2020, it became clear by the fourth quarter of the year that the economic revival would be less robust than expected and may even be delayed. The outlook for 2021 in Europe has been particularly uncertain for coatings with sizeable decorate paints businesses. Home improvements were one of the few retail sectors which flourished following the onset of the pandemic in the region in March/April.