This Is The Situation Facing EU Countries In The Middle Of The 2nd Wave Pandemic Outbreak!

 The transmission of the Covid-19 pandemic could return to the same risk as before. Governments in European Union (EU) countries are tightening restrictions on activities such as rallies and non-core economic activities in the hope of avoiding curfews.


The European zone economy is expected to contract more than 8% this year and countries like the UK are expected to contract at 10% or more. The governments of EU countries are working to keep the economy from being severely affected and to curb the spread of pandemics from many lives.


In the UK the positive infection was around 14,000 infections a day for the last week. A double increase from the peak reading on the first wave. In addition, hospital admissions and mortality rates also increased.


The Boris Johnson administration has introduced a three-tiered system that classifies areas in England by infection rate, in an attempt to loosen a complex network of local restrictions. Such actions include closing bars, restaurants, cafes, gyms and personal services such as hairdressers, and changing all university and college tuition online.



In France, the number of Covid-19 patients in the hospital intensive care unit returned to its highest level in three months. Prime Minister Jean Castex, this situation is expected to last for several months.


The infection curve also increased sharply throughout central Europe, from Slovenia to the Czech Republic and Poland. Only in Germany, the spread of pandemics still seems to be under control.


The EU economy is also gaining momentum as Germany's ZEW sentiment index plunges to its lowest level since May on Tuesday. ECB President Christine Lagarde said the economic recovery was seen as worrying last week. Elsewhere the BoE has expressed readiness to impose interest rates below negative.