Second lockdown in Europe can their economy survive this?.

[Juggy777]

I’m sure by now all must have heard that Germany and France have imposed second lockdown, and this news shall crush small business owners morale, and even effect those people who rely on jobs cause it’s quiet possible that they may never be employed again.

Furthermore it’s pertinent to note that this lockdown has come during the holiday season, and if it continues to stay in place then Europe’s economy could be severely impacted, and therefore in my personal opinion it could take year’s before European economy completely recovers.

What is the worst case scenarios that come in your mind when you read this news?.

Source:

https://www.cnbc.com/2020/10/29/covid-lockdowns-in-france-and-germany-will-hit-europes-economy-again.html

[Fortify]

Everything always looks darkest when you are in the middle of a crisis, but humanity has shown time and again that it can persevere. People will find new and creative ways of living with the virus. Vaccines will eventually be found and in the meantime some sort of rapid testing system could help alleviate many of the problems the world is currently facing. This might eventually speed up ideas like "universal basic income" and hopefully all these billionaires sitting on piles of money will be forced to put it back into the societies that they have drained it from. Europe will survive and grow stronger, they have arguably (even though they are much more fragmented) handled it much more sensibly than many other countries around the world. Open societies based on freedom will always prosper more than closed and secretive countries - of which there are many. When the virus is defeated, life could go back to something similar that we had before and lots of jobs - like the travel industry - will rapidly appear again.

[Jating]

Well for sure it will have a negative impact again to the their economy and who knows, there could be another set of stimulus package to help their people to cope with this second lockdown. OF course, it will be another black eye for the economy as they might have started to bounce back, unfortunately they have to close again. I. guess governments will have to learn their lessons from the first lockdown and implement more drastic actions to at least contained the spread again.

The only hope we got right now is that we will some some semblance of development regarding a cure or at least a vaccine to help control everything and be back to normal to help people and the economy recovered in the next 2-3 years.

[jackg]

Even if Europe stopped being as industrial, I think we're still within out means agriculture wise...

But I think it's the third lockdown now too? Germany has 4 weeks, o think England will be getting the same and Wales went into lockdown 2 weeks ago (our cases aren't as bad as the rest I think we're trying to irradiation if we can or a very low number of cases).

[bryant.coleman]

Here is the difference between Europe and the United States. In the US, president Trump re-opened the economy. He is getting bashed by the mainstream media, claiming that the decision to open the economy was the reason for the big spike in cases there. These same media outlets were praising the European approach earlier. But the cases seems to be raising there as well. But the obviously, media is after Trump and they are silent about the European leaders.

[Coyster]

The first phases of the lockdown was very bad for the economy, and after it was eased, many countries around Europe and the world were on a recovery mission, this second lockdown no doubt will take that recovery process some steps back, but I can imagine it's very necessary looking at how the virus seems to be spreading yet again.

But imo the economy may not plunge like it did many months ago when the virus was new and lockdowns were imposed for the first time, countries should have learned a thing or two from the first wave and I'm sure there are quite a lot of measures put in place to keep a stable hold of the economy as they see out this second lockdown, in some countries it's not even a total lockdown, just specific regions and some specific institutions will remain open. Covid-19 vaccine is also a forthcoming possibility in not too long, so the economy will surely plunge, but will survive all this for sure.

[cabron]

Winter is coming and then there will be another lockdown and then a shortage of food. The worse is coming.  The first lockdown had already crippled the businesses everywhere. The ones that are opening  while there's still pandemic are just trying to live only so they can pay the bills, this is going to kill people in starvation.

Here is the difference between Europe and the United States. In the US, president Trump re-opened the economy. He is getting bashed by the mainstream media, claiming that the decision to open the economy was the reason for the big spike in cases there. These same media outlets were praising the European approach earlier. But the cases seems to be raising there as well. But the obviously, media is after Trump and they are silent about the European leaders.

We just can't trust the media today.

[South Park]

I’m sure by now all must have heard that Germany and France have imposed second lockdown, and this news shall crush small business owners morale, and even effect those people who rely on jobs cause it’s quiet possible that they may never be employed again.

Furthermore it’s pertinent to note that this lockdown has come during the holiday season, and if it continues to stay in place then Europe’s economy could be severely impacted, and therefore in my personal opinion it could take year’s before European economy completely recovers.

What is the worst case scenarios that come in your mind when you read this news?.

Source:

https://www.cnbc.com/2020/10/29/covid-lockdowns-in-france-and-germany-will-hit-europes-economy-again.html

It is known that pandemics strike in waves and in many cases the second wave is way worse than the first so some governments are electing to place another lockdown on their citizens but how long can this last? I mean people need to work, if the economy was based on having responsible people with lots of savings then the lockdown could have worked and it would have curbed the disease significantly, but in an economy based on debt and credit then people have no money to stay in their homes and many will have to either starve or go against the law and face jail time if caught.

[Febo]

Second lockdown in Europe can their economy survive this?

Bigger question is will they survive the 3rd wave.

There are much more infected as they were in first wave but at least economically lockdowns are not as strict as they were in the first wave. In September economy managed to get back to last years values, now in October will drop again, but for sure not as much as it did in March and April.  

Currently worst situation is in Belgium, Czech, Slovenia, Switzerland and Netherlands. I think Netherlands situation s already getting better. Hopefully other countries will follow.

[fiulpro]

This is not even the worst condition in the whole world. Trust me when I say this :
Humans are very intelligent creatures but the fact that they are able to withstand the situations and at the same time change accordingly is astounding. We have adapted ourselves according to the pandemic and now people have actually started to open up their shops , businesses according to the situation and Excel in it.
- I don't think the economy will go much down
- we have better and faster tests and many countries are using the vaccines , skipping the trial 3 , just giving it to teachers and doctors so we have yet to get its results.
- everything is already online and people have seen this situation, so it would be easy to just implement those practices without much thought
- the ridiculous prices of masks and sanitizers are now down and the shortage of medical equipments are being taken care of.

The world is much more efficient and much more equipped to handle such waves now.

[Mauser]

Honestly I didn't expect a second lock down to happen, I thought the government's would try to. Hold off until next year to not further damage the economies. In Europe the corona relief find us still not ratified by the national parliaments. So there is a lot of money already missing where people are counting on it. The second lock down is going to make things worse, probably many of the small countries are not going to survive that.

[Eternad]

Honestly I didn't expect a second lock down to happen, I thought the government's would try to. Hold off until next year to not further damage the economies. In Europe the corona relief find us still not ratified by the national parliaments. So there is a lot of money already missing where people are counting on it. The second lock down is going to make things worse, probably many of the small countries are not going to survive that.

The government might already plans it and set budget to do the second lockdown now they are able to think and really budget the need supplies that might be needed during these lockdown. The economy will still sure to survive no matter what as there are still businesses that can do online transactions and investors that are taking this advantage in some sectors need during this time. The Earlier they can eliminate the spread and able to lower the risk of many more loses. What is really needed now is people's cooperation.

[Findingnemo]

If there is a sign of second wave then it is nit going to be restricted into a border, the whole world might face the second wave of corona and for sure it is going to affect the economy once it hit the range which forces the government to lockdown the country with no choice.Especially the festive season is coming in a month which is going to trigger the second wave sooner.

[iv4n]

Did you see this:
"More than 700 km of traffic in Paris as second French lockdown begins" - source: https://www.euronews.com/2020/10/30/more-than-700-km-of-traffic-in-paris-as-second-french-lockdown-begins
As I see it's happening in some other big cities in Europe! People are running away from cities, lockdown in the apartment, without yard,  can really be crazy! Economy is on the break, after the first lock down and printing money like crazy I wonder what governments plan to do next!? To print more money maybe?! We all know how will that end, so people it's the time to getting into crypto more than ever before!
Well as I said before, it's going to get a lot worse before it gets better, like always!

[Haunebu]

France is a worse situation when compared to other European countries due to the terrorist attacks recently and the religion issues. However, they will overcome this pandemic and religion issues just like the rest of the world.

It's basic human nature. We overcame so many problems no matter how dire the situation was through out our history and it will most likely stay this way in the future.

[terrong]

France is a worse situation when compared to other European countries due to the terrorist attacks recently and the religion issues. However, they will overcome this pandemic and religion issues just like the rest of the world.

It's basic human nature. We overcame so many problems no matter how dire the situation was through out our history and it will most likely stay this way in the future.

I agree with you, currently France is a country with a very bad situation, even Islamic countries in the world such as Arabia, Turkey, and even some Indonesian countries are boycotting French trade in their countries, I believe it will take a long time to normalize this and make stocks France is back as before

[Twentyonepaylots]

Lockdown isn't a problem for small business if their government has this plan beforehand for small business to contain such thing. If they will still be able to operate amidst the pandemic and lockdown then they will survive, but I doubt they will only let this happen to businesses that is necessary for people like food restaurants and any providing needs related. The answer is that, until when? if it's only a week or a month they might be unaffected at all.

[The Sceptical Chymist]

Gotta love this oh-so-optimistic quote:

“Scarring will occur with each iteration,” analysts at High Frequency Economics said in note on Wednesday about the new lockdowns.

“Businesses and households will fail, increasing the number of jobs that will never come back at any interest rate and with any level of fiscal stimulus.”

And no, OP, I hadn't heard anything about this.  I live in the US and don't follow world news much, so I thank you for linking to the article and starting this thread.

I'm not sure when, but eventually governments are going to realize that they can't keep shutting down the economy to fight off the spread of a virus that is nowhere as lethal as it's being made out to be.  I think Germany and France are shooting themselves in the foot by doing this, and who knows when this is going to end?  So to everyone living in those two countries, I wish you guys the best.  And maybe you ought to follow the Americans and take to the streets in protest.

[fullhdpixel]

There are lots of factors needs to be considered here about the future of economy of European countries still I am sure that they must have prepared for this unlike how drastically they have face the pandemic and lockdown things by last March/April times. I mean that there were continuous warning about the possibilities of second wave of covid19 and if their governments listened and have reacted in terms of planning on how saving their economy in all possible means then definitely they will come back once again stronger like how they did against the first wave.

One of the prime factor must be arrival of vaccine for covid19. If that will be available for human use at any time soon, I guess their economy will not get worsen any more as people will be confident about quick recovery regardless of how worse days they are facing right now.

[ChrisPop]

Although I think that most of the economies in the world are very fragile nowadays, I don't think they can't sustain a year or two of emergency state. As I understand from WHO declarations the vaccine is coming in the spring of 2021. That's a few months away - not a huge amount of time if you ask me. I'm mostly concerned about the medical systems in emergent european economies. I'm in doubt that they are going to successfully pass this winter season. Probably EU will have to step in and provide additional aid for those countries.