Post
Topic
Board Economics
Re: Second lockdown in Europe can their economy survive this?.
by
CarnagexD
on 05/11/2020, 21:36:59 UTC
Maybe countries like France and Germany can survive the second lockdown, although not without consequences, but many other European countries that wouldn't be possible, their economies just wouldn't survive. Even from the help from European recovery and resilience funds that wouldn't be feasible anymore. That is why they are trying to balance between pandemic and keeping business and everyday running. We'll see for how long they will manage to do that.
Exactly, recession is at hand for some of the European countries in the list, it would be great if other countries can help them but with the current state of the whole world, this will very be unlikely. Worst case scenario will be their succumbing to either the dollar or the Chinese Yuan, as their currency will slowly depreciate in value, this along with the increased volume of immigrants will be the downfall of many countries, not just strictly inclusive to European ones.