Podcast: Euro area outlook – An asymmetrical recovery

The Euro area has experienced a spectacular fall in economic activity during the corona crisis. Yet some countries have been hit harder than others, and the economic rebound is likely to be asymmetrical. Hear why in this podcast with Chief Analyst Jan von Gerich and Analyst Inge Klaver.

Podcast summary with time stamps:

0:35: Like other parts of the world, the Euro area has also been hit hard by the pandemic. What’s been the overall economic impact, and what’s our outlook going forward?

3:40: The ECB has really stepped in in this crisis. What’s been the impact, and what can we expect from the ECB going forward?

6:20: While all Euro area countries will be hit by the crisis, the economic damage and subsequent rebound will be asymmetrical. How so?

9:15: Is support from the ECB enough, or is there a need for EU-level measures on the fiscal side as well?

14:04: The German Constitutional Court has raised questions about the ECB’s purchase programmes. What’s the outlook there?

17:13: The ECB’s purchase programme has been aimed at keeping bond yields low. Can we expect stable bond spreads going forward?

Read the full Global and Financial Market Overview, “Flattening the Recession Curve,” in our latest issue of the Nordea Economic Outlook.

You can follow Jan von Gerich and Inge Klaver’s research on Nordea’s e-Markets.

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