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Van Gogh of Financial

Author: newbie8080   |   Latest post: Sun, 25 Oct 2020, 9:48 PM

 

TOPGLOVE: Europe is facing a double-dip recession as coronavirus second wave arrives

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Europe is facing a double-dip recession as coronavirus second wave arrives

 

Europe is now grappling with a second wave of coronavirus infections that could once again wreak significant damage on the region’s economy.

 

The euro zone, the area that shares the single currency, saw its economy tank by 11.8% in the second quarter of 2020, hit by strict lockdown measures used to contain the spread of the virus.

 

The European Centre for Disease Prevention and Control said that as of Sep. 22, there had been 2.9 million confirmed infections in Europe with Spain and France now seeing daily cases rise above the 10,000 mark.

There is a “big risk of a double dip” in the fourth quarter, Chris Williamson, the chief business economist at IHS Markit, told CNBC’s “Street Signs” on Wednesday.

 

 

So which of the BIG 5 will benefit?

  1. Top Glove
  2. Hartalega
  3. Sri Trang
  4. Kossan
  5. Supermax

 

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speakup Comfort, Careplus & Rubberex will benefit most
26/09/2020 3:30 PM


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