With the positive news on COVID-19 vaccines brightening the economic outlook, we now think that by the middle of the decade the economy won’t be much smaller than if the COVID-19 crisis had never happened. Admittedly, there are two big risks, namely the possibility of an “uncooperative” no deal Brexit and a substantial early fiscal tightening. But provided the politicians don’t mess it up, we think that the economy should do better than most think.
Webinar Invite: The European outlook – From lockdowns to vaccines
Thursday, 3 December
Chief Europe Economist Andrew Kenningham will lead this special briefing with colleagues Jessica Hinds, Jack Allen-Reynolds and David Oxley to discuss Europe’s economy under lockdown. The team will preview the ECB’s December meeting, assess Sweden’s attempts to control the pandemic, and look ahead to the potential economic impact of vaccines in 2021. Complimentary registration here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services