2021 lockdowns threaten to slow Q1 earnings recovery
Punch Newspapers Sections Johnson Okafor A major chunk of the recovery in companies’ earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic recovery, investment banks said. China announced lockdowns in four cities and European countries unveiled tighter and longer coronavirus restrictions on Wednesday, denting back-to-normal hopes and sparking worries about further economic damage in 2021. Germany, Britain and the Netherlands indicated strict COVID-19 curbs would last into e...
Source: punchng.com