Covid surge threatens Europe's economic recovery
CNN
A resurgence of coronavirus cases across Europe is feeding fears that the region's strong economic recovery from the pandemic could be jeopardized by another tough winter.
So far, the new Covid-19 wave is having only a limited impact on business activity in the 19 countries that use the euro. The Purchasing Managers' Index from IHS Markit, a key gauge of the economy, rose in November after slipping to a six-month low in October, according to data released Tuesday.
But expectations for the future are darkening. Austria announced last week that it's going back into a national lockdown. Skyrocketing infections in Germany have also sparked questions about whether the region's largest economy could reimpose sweeping restrictions.
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