⁍ The coronavirus is surging again in Europe, forcing harsh new restrictions in London and Paris.


⁍ That’s bad news for the region’s economic recovery and puts the United States on notice ahead of a difficult winter.


– If you’re in Paris or London right now, you’re in for a rude surprise: You’re out of luck. The French capital has instituted an overnight curfew as the number of cases of coronavirus, a respiratory illness related to the common cold, skyrockets, CNN reports. In London, meanwhile, people from different households are banned from meeting indoors. “Yes, it is bad,” Bank of America’s economists in Europe wrote in a note to clients on Friday. “Precautionary savings, which are already large, could increase further driven by virus-related uncertainty. And social distancing can easily amplify the economic impact of the resurgence of the virus.” The virus has now infected more than 200 people in Europe, with the death toll in France now at 44, the BBC reports. In the US, the number of cases has risen more than 55% in the past month, according to CNN, which notes that the outbreak is bad news for the US economy as well. “The one-week average of new daily cases has moved above 53,000, an increase of more than 55% in just over a month,” the network says. “Yet Europe demonstrates how quickly the situation can go into reverse.”



Source: https://www.cnn.com/2020/10/18/investing/stocks-week-ahead/index.html