After more than a year of lockdowns, Europe's battle to curb the pandemic has entered another difficult chapter. President Emmanuel Macron imposed a third national lockdown in France (Mar. 31) for a month, in an effort to halt a new deadly wave of infections. Pressure had been building on Mr. Macron to implement tougher measures after new regional restrictions in March failed to stop rising cases. Many European nations have implemented new restrictions in desperate moves to halt a wave of new cases that a slow vaccine rollout has failed to stem. At this point, AME is maintaining its 5.36% global GDP forecast for 2021. However, this may be revisited next month. The positive trajectory of the powerhouse economies, in particular the US, China and the UK looks set to continue.
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