How is Europe coping with multi-year productivity lows?

European equities have declined 26% during 2020 owing to the rapid spread of the Covid-19 pandemic. Consequently, economic activity indices have declined to multi-year lows.

Although European authorities have been late in responding, they now appear more decisive in managing the crisis and Europe could possibly manage a swifter pick-up in growth as soon as the public health situation stabilises. High frequency data in China is continuing to improve and is most likely to benefit Europe's export driven economy. Holding out for a hero? Strong stomachs needed to navigate coronavirus-hit market Europe is currently the epicentre of the pandemic and with substantial lockdown's in place could see the rate of recovery similar to that of China in the coming mont...