07-22-2020, 11:59 AM
The stronger safety net in Europe help bring down the spread of the virus more quickly. We'll see if the early reopening of the economy in the US helps or hurts the economy going forward. It was certainly the wrong decision in terms of health.
Europe kept more people on employer payrolls longer while furloughed. Now some of those people will be transitioning to unemployment, which pays a higher percentage of income in Europe than in the US. It will be interesting to compare the economic recoveries between Europe and the US going forward, giving the vastly different case loads.
Europe kept more people on employer payrolls longer while furloughed. Now some of those people will be transitioning to unemployment, which pays a higher percentage of income in Europe than in the US. It will be interesting to compare the economic recoveries between Europe and the US going forward, giving the vastly different case loads.