• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Double dip recession is certainly an option – Chris Williamson

24th January 2021

Double dip recession is certainly an option – Chris Williamson Pin It

Tightening and extending lockdowns in European countries has resulted in further shrinkage in the service sector. This category includes catering and shops, which accounts for almost three quarters of the entire economy of the euro area countries. Therefore, it is almost certain that there will be a new recession in the euro zone, will, states chief economist, Chris Williamson, from the British research firm Markit.

“A double dip for the euro area economy seems increasingly inevitable”. According to Williamson, production continued to decline in January, mainly due to the deterioration in the service sector.

The measure of market activity in the services sector went down to 45 in January, from 46.4 in December. Every figure below 50 points to shrinkage, above that to growth. It is the fourth month of shrinkage in the service sector.

The decline in services in Germany, the largest economy in the euro area, was slightly less severe. The country announced last week that the current lock-down measures will remain in place until at least 15 February. In France, where a stricter curfew was introduced, the decline was much stronger.

The growth of industry in the euro area is offset by the damage that service providers are suffering. The Markit index for industrial activity was 54.7, compared with 55.2 in December.

However, researcher Williamson is also gloomy about the industry. It was the weakest growth in this sector in the last seven months, he points out. ECB president Christine Lagarde stated on Thursday in her explanatory statement to the interest rate decision that there are many signs of industrial recovery.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Logistic delays are longer…

In Domestic Affairs

Logistic delays are longer due to COVID and the Brexit paperwork

View Post

Next Post

TikTok is the winner of…

In IT, Innovation and Startups

TikTok is the winner of social media platforms in 2020

View Post

In Money Matters

British retail is hit harder than was expected

View Post

In Money Matters

EasyJet wants to make COVID-19 test for the crew mandatory

View Post

Boris Johnson

In Domestic Affairs

Boris Johnson comes with the long roadmap from the lockdown

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

Newsletter

Latest News

View

IAG advocates the digital ‘testing and vaccination passports’ for passengers

26th February 2021

View

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

25th February 2021

View

Moody’s expects lower bounceback for Eurozone and Britain

24th February 2021

Boris Johnson

View

Boris Johnson comes with the long roadmap from the lockdown

23rd February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]