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Economic Watch: European economy rebounds thanks to vaccination, but uncertainties abound - World News


2021-07-15 01:36:01 GMT2021-07-15 09:36:01(Beijing Time) Xinhua English
by Xinhua writer Chen Wenxian
VALLETTA, July 15 (Xinhua) Fueled by vaccination campaigns, the European economy started to rebound in the second quarter of this year, and is expected to recover faster than expected for the whole year.
Nevertheless, economists remain concerned over the possible emergence of vaccine-resistant strains of COVID-19, as a recovery depends largely on Europe s ability to keep the pandemic under control.
RECOVERY STARTS
Figures published by the European Center for Disease Prevention and Control showed that as of July 4, an average of 65.1 percent of adults in the European Union and European Economic Area had received at least one vaccine dose. ....

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The City after Brexit


The City after Brexit
The City after Brexit
Nick Adams argues that the jury is still out over London’s post-Brexit role as Europe’s financial hub
The last twelve months will remain forever associated with the uncertainty and disruption caused by a global pandemic. And from a business perspective, the UK also faced an additional challenge as companies braced for Brexit. While a last-minute trade agreement avoided the further complications of ‘no-deal’, there remains huge speculation around the short and long term impact of the UK’s divorce from the EU.
Among the many talking points is the uncertainty around the future of London and its status as an economic powerhouse. Under normal circumstances, this would have been among the issues to dominate the news in 2020, but the discussion has been somewhat sidelined as more urgent events unfolded. ....

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