User Tag List

+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Business activity collapses across Europe as coronavirus lockdowns spread......

  1. #1
    Original Ranter
    Points: 228,532, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    49307
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    58,654
    Points
    228,532
    Level
    100
    Thanks Given
    25,793
    Thanked 18,302x in 13,883 Posts
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)

    Business activity collapses across Europe as coronavirus lockdowns spread......

    Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies, from shops to factories to restaurants, surveys showed on Friday.


    Governments in the euro zone have unveiled unprecedented stimulus measures and the European Central Bank has increased its asset purchase target for this year to around 1.1 trillion euros to try and mitigate the fallout.


    But with businesses shuttered across the region, Purchasing Managers’ Indexes compiled by IHS Markit slumped to record lows in March and suggested it could be months before things returned to any semblance of normalcy.


    A final composite PMI for the euro zone plummeted to a record low of 29.7 from February’s 51.6, lower than the flash reading of 31.4 and marking by far its biggest one-month drop since the survey began in July 1998. The 50 mark separates growth from contraction.


    “We think that GDP across the euro zone will fall even more quickly in Q2 than the surveys suggest. We estimate that while lockdowns are in place, output will be at least 25% below its normal level.”


    Like its manufacturing counterpart, activity in the bloc’s dominant service industry has also almost ground to a halt, with travel, tourism, restaurants and other leisure activities all hit hard by virus containment measures.


    Italy and Spain have so far taken the biggest hit on the continent from the pandemic but all four of the currency union’s top economies - and Britain, which recently left the European Union - saw activity collapse. …..snip~


    https://www.reuters.com/article/us-e...-idUSKBN21L11X


    Imagine that.....this is what the Democrats want to happen to the US. Looks like it will be far more difficult for the Euros to recover.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  2. #2
    Original Ranter
    Points: 228,532, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    49307
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    58,654
    Points
    228,532
    Level
    100
    Thanks Given
    25,793
    Thanked 18,302x in 13,883 Posts
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Do you think the Euros will decrease Trade with China now?
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  3. #3
    Points: 27,770, Level: 40
    Level completed: 64%, Points required for next Level: 480
    Overall activity: 33.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    611
    Join Date
    Jan 2019
    Posts
    5,147
    Points
    27,770
    Level
    40
    Thanks Given
    56
    Thanked 601x in 533 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by MMC View Post
    Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies, from shops to factories to restaurants, surveys showed on Friday. Governments in the euro zone have unveiled unprecedented stimulus measures and the European Central Bank has increased its asset purchase target for this year to around 1.1 trillion euros to try and mitigate the fallout. But with businesses shuttered across the region, Purchasing Managers’ Indexes compiled by IHS Markit slumped to record lows in March and suggested it could be months before things returned to any semblance of normalcy. A final composite PMI for the euro zone plummeted to a record low of 29.7 from February’s 51.6, lower than the flash reading of 31.4 and marking by far its biggest one-month drop since the survey began in July 1998. The 50 mark separates growth from contraction. “We think that GDP across the euro zone will fall even more quickly in Q2 than the surveys suggest. We estimate that while lockdowns are in place, output will be at least 25% below its normal level.” Like its manufacturing counterpart, activity in the bloc’s dominant service industry has also almost ground to a halt, with travel, tourism, restaurants and other leisure activities all hit hard by virus containment measures. Italy and Spain have so far taken the biggest hit on the continent from the pandemic but all four of the currency union’s top economies - and Britain, which recently left the European Union - saw activity collapse. …..snip~ https://www.reuters.com/article/us-e...-idUSKBN21L11X Imagine that.....this is what the Democrats want to happen to the US. Looks like it will be far more difficult for the Euros to recover.
    When business's shuts down , it stands to reason that GDP will fall.........Europe will recover.

  4. #4
    Points: 27,770, Level: 40
    Level completed: 64%, Points required for next Level: 480
    Overall activity: 33.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    611
    Join Date
    Jan 2019
    Posts
    5,147
    Points
    27,770
    Level
    40
    Thanks Given
    56
    Thanked 601x in 533 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by MMC View Post
    Do you think the Euros will decrease Trade with China now?
    I think all countries will be doing less export trade , and focusing more on their domestic markets , and self sufficiency .

  5. The Following User Says Thank You to PJL For This Useful Post:

    Peter1469 (04-07-2020)

  6. #5
    Original Ranter
    Points: 228,532, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    49307
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    58,654
    Points
    228,532
    Level
    100
    Thanks Given
    25,793
    Thanked 18,302x in 13,883 Posts
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    When business's shuts down , it stands to reason that GDP will fall.........Europe will recover.
    The Euros will have a harder time recovering.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  7. #6
    Points: 27,770, Level: 40
    Level completed: 64%, Points required for next Level: 480
    Overall activity: 33.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    611
    Join Date
    Jan 2019
    Posts
    5,147
    Points
    27,770
    Level
    40
    Thanks Given
    56
    Thanked 601x in 533 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by MMC View Post
    The Euros will have a harder time recovering.
    Economic recovery for all countries depends entirely on how quick they stop the spread of the corona virus .......and that will be determined by social co-operation and discipline , to stop infections .
    Last edited by PJL; 04-08-2020 at 12:21 AM.

  8. #7
    Points: 32,462, Level: 44
    Level completed: 1%, Points required for next Level: 1,488
    Overall activity: 93.0%
    Achievements:
    Social25000 Experience Points1 year registered
    bulletbob's Avatar Senior Member
    Karma
    2548
    Join Date
    May 2019
    Location
    florida
    Posts
    8,456
    Points
    32,462
    Level
    44
    Thanks Given
    6,777
    Thanked 2,538x in 2,000 Posts
    Mentioned
    31 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Economic recovery for all countries depends entirely on how quick they stop the spread of the corona virus .......and that will be determined by social co-operation and discipline , to stop infections .
    No thats not the main factor. You are wrong again PJL . THE. Main factor to recovery is the actual strength of the existing economy . if it was weak to start with it will take longer.

  9. The Following User Says Thank You to bulletbob For This Useful Post:

    Peter1469 (04-08-2020)

  10. #8
    Original Ranter
    Points: 228,532, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.2%
    Achievements:
    SocialRecommendation Second ClassOverdriveTagger First Class50000 Experience PointsVeteran
    MMC's Avatar Senior Member
    Karma
    49307
    Join Date
    Jun 2011
    Location
    Chicago Illinois
    Posts
    58,654
    Points
    228,532
    Level
    100
    Thanks Given
    25,793
    Thanked 18,302x in 13,883 Posts
    Mentioned
    126 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    Economic recovery for all countries depends entirely on how quick they stop the spread of the corona virus .......and that will be determined by social co-operation and discipline , to stop infections .
    Those open borders that the Euros have affects much as to why they will have a harder time recovering.
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  11. #9
    Points: 27,770, Level: 40
    Level completed: 64%, Points required for next Level: 480
    Overall activity: 33.0%
    Achievements:
    1 year registered25000 Experience Points
    PJL's Avatar Senior Member
    Karma
    611
    Join Date
    Jan 2019
    Posts
    5,147
    Points
    27,770
    Level
    40
    Thanks Given
    56
    Thanked 601x in 533 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by MMC View Post
    Those open borders that the Euros have affects much as to why they will have a harder time recovering.
    .......which is why many Euro countries , like Hungary and Denmark , are taking back their borders , and dealing with the virus and the recovery as a country first , and a Eurozone member second .......it's basically a return to commonsense , without dealing with a bureaucracy in Brussell .......maybe it also takes some pressure off Brussells ?

  12. The Following User Says Thank You to PJL For This Useful Post:

    Peter1469 (04-08-2020)

  13. #10
    Original Ranter
    Points: 570,476, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.8%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    435798
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    170,183
    Points
    570,476
    Level
    100
    Thanks Given
    101,861
    Thanked 86,779x in 58,236 Posts
    Mentioned
    2282 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    .......which is why many Euro countries , like Hungary and Denmark , are taking back their borders , and dealing with the virus and the recovery as a country first , and a Eurozone member second .......it's basically a return to commonsense , without dealing with a bureaucracy in Brussell .......maybe it also takes some pressure off Brussells ?
    It also shows the structural weaknesses of the EU.
    ΜOΛΩΝ ΛΑΒΕ

    Please visit my blog http://thepoliticalforums.com/blogs/peter/
    (If a post link does not work, see the archives- it should work there.)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Single Sign On provided by vBSSO