New COVID-19 lockdowns imperil global economy’s recovery
2021-01-14 09:02:05 source：The Aljazeera
January 13, 2021
A major chunk of the global recovery in companies’ earnings – recovery expected in the first quarter of 2021 – is at risk of being pushed back further as coronavirus lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said.
China announced lockdowns in four cities and European countries unveiled tighter and longer coronavirus restrictions on Wednesday, denting back-to-normal hopes and sparking worries about further economic damage in 2021.
Germany, the United Kingdom and the Netherlands indicated strict COVID-19 curbs would last into early February, and Italy said it would extend its state of emergency to the end of April. Japan also expanded a state of emergency in Tokyo, hurting the prospects of holding an already-delayed Summer Olympic Games.
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