In your last monthly newsletter, the European Central Bank (ECB) provides updates on economic and monetary developments, with the highlights found below:
“The unemployment rate in the eurozone fell further in November 2020, helped by an increase in the number of workers covered by job retention plans. “
“Short-term labor market indicators have continued to improve a little, but they still indicate contractive developments ”.
“After the strong growth observed in the third quarter, driven by very dynamic growth in machinery and equipment, corporate investment is likely to have risen a bit more in the fourth quarter, but the second wave of the pandemic suggests downside risks to investment in the first quarter of 2021 “.
“Following the rebound in eurozone trade observed in the third quarter, trade growth has moderated”.
“Economic indicators (particularly the results of forward-looking surveys) suggest that production could contract in the fourth quarter of 2020, reflecting the strengthening of containment measures “.
“Looking ahead, the deployment of vaccines, which began in late December, allows greater confidence in the resolution of the health crisis.”
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