50 days ago • Posted by Martin Boujol
Second major lockdowns will hit the economy - but not as hard
The graph below shows the estimates of weekly GDP as % change of previous year. It seems that the latest round of lockdowns will hit the economy again - but not as hard. According to GS analyst expressing himself for Britain: “the sensitivity of economic activity to covid-19 restrictions has diminished significantly since the first lockdown.” HSBC is also backing up this statement, showing that Germany will remain undeterred by the renewed lockdown. Covid-19 is not gone, but we surely know how to fight it better.
Source: The Economist