The health situation is deteriorating across Europe, prompting stronger
containment measures. Beyond the direct impact that renewed restrictions will have on the economy, this will also affect consumer behaviour, pushing
households to increase voluntary social distancing and limiting mobility.
As a consequence, our updated baseline now sees the eurozone economy
barely growing in Q4 and expanding by a mild 0.5% q/q in Q1, dragged down by softer consumption.
What you will learn: