Coronavirus briefing: Travel curbs ramped up again in Europe
Coronavirus briefing: Travel curbs ramped up again in Europe
The epidemic
  • Globally recorded cases have stabilized, owing to a decline in in the US and a flattening out in Brazil. Deaths per day have also declined slightly in the US. Case growth has slowed in South Africa over the past weeks.
  • Cases have continued to rise in India, and the situation in South Asia and Latin America remains severe. Case growth has also risen considerably in Indonesia and the Philippines.
  • Cases in Europe have continued to increase. Spain has continued to drive cases, but the situation has also deteriorated in France, and to a lesser extent Germany and the UK.
  • In Sweden, the number of new cases has continued to climb. Increased testing may also contribute to the figures, however.
  • Cases have also risen further in Denmark while they were more stable in Norway and Finland. Hospitalisations have remained stable in all the Nordics.
  • In the Baltics, daily cases increased further in Lithuania but recoiled down in Estonia and Latvia.
Policy
  • More travel restrictions were added in Europe: among others, the UK added several European countries, incl France and the Netherlands, to its quarantine restrictions list. Germany now requires quarantine for travelers from several parts of Spain.
  • Russia was the first country to approve a coronavirus vaccine, which will start to be distributed in the country. The vaccine has not gone through the large-scale stage III trials, however.
  • The EU bought 300 million doses of AstraZeneca’s coronavirus vaccine. Many national governments have also made large pre-purchase deals.
  • In Finland, masks and working from home are now recommended. Denmark mandated the use of masks in public transport.
  • Norway added quarantine requirement to several European countries and more Swedish regions. The government now recommends the use of masks in some situations.
Economic effects
  • Finnish data showed that the country’s GDP dropped only 3.2% in Q2, read more here. Danish data also indicates that the GDP plunged less than in Sweden.
  • Swedish July CPI surprised on the upside, supported by several subgroups, read more here


PDF-Document Read the full analysis/report here (pdf)


Maija Kaartinen 
Economist 
Swedbank AB (publ) 
SE-105 34 Stockholm 
Phone: +46 8 700 92 73 
research.swedbank.se 


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