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Europe’s Economic Outlook Clouded by Delta Variant

Mount Equity Group Tokyo, Japan > News > Markets > Europe’s Economic Outlook Clouded by Delta Variant

Across Europe, governments and businesses are maneuvering to try to stop a surge in coronavirus cases — driven by the rapid spread of the Delta variant — from hampering the continent’s recovery.

For the past few months, the relaxation of pandemic restrictions and the growing ranks of the vaccinated have propelled the economy forward. The European Commission recently upgraded its forecasts for the region. Britain has recorded four straight months of economic growth and in some regions of the country, the number of employees on payroll is higher than before the pandemic.

But now the Delta variant has made the path of the recovery much more unpredictable and uneven.

In Britain, the final lifting of restrictions on Monday is expected to add fresh momentum to the economic recovery. But the surge in infections presents an unexpected new hurdle to businesses trying to operate at full capacity. Businesses including hospitality,…

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