The Economies Of Europe Were Already Sick—And Then Came The Covid Lockdown

We knew the data was going to be bad but it keeps surprising to the downside. This all matters because a weakened system before getting knocked out doesn’t just get right back up; it’s difficult enough for a healthy body to pick itself up off the mat after being KO’ed. Lagarde’s stimulus panic back in November a reality check for not just Europe and long before the world ever got this sick.