Europe and Canada Economies Slow Down Their Recovery

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by Peter Smith

The 2020 crisis is not over. Economic incentives no longer have such an effect, as a result, there is a slowdown in the recovery of economies.

The Crisis Continues

Scarcely a week after the World Economic Outlook survey of the International Monetary Fund pointed to a steady strengthening of the global economy in 2021, the roots of its prediction are beginning to look extremely unstable.

How weakly hoped that Europe will rebound from the pandemic’s economic disaster has vanished, as the deadly virus has quickly spread across most of the continent. In turn, the Canadian economy began to slow down in recovery, showing not the best results.

It Won’t Be Better

The country that “best” coped with the consequences of the crisis caused by the pandemic was the United States. The price for this was the uncontrolled printing of new bills and the purchase of securities from the market.

However, this is not a long-term solution. We can say that the United States using the printing press only delayed the inevitable problems.

 

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