The Cost of COVID-19: Impact on Europe
While not a nation, the European continent has a lot in common, such as the Euro as its currency. Unfortunately, the coronavirus has caused havoc on many European economies. Each nation tried dealing with the pandemic in its own way, but regardless of strategy, each nation has felt their economy weaken. The first item, Coronavirus: UK worst hit among major economies, goes into detail on how the UK economy suffered its biggest slump on record over the three-month period as coronavirus lockdown measures pushed the country officially into recession.
The second item, France Braces for Economic Suffering as Lockdown Returns, observes how vulnerable sectors in France are likely to sink further, including retail, aviation, tourism and hospitality, which make up over 10 percent of economic activity. France braces for a fresh blow to its beleaguered economy as President Emmanuel Macron reimposed a nationwide lockdown through December to prevent an alarming surge of coronavirus cases from spiraling out of control.
The third item, Italy’s COVID-19 emergency, depicts the issues that many Italian hospitals are facing. Italy continues to struggle with the outbreak of COVID-19. Hospitals are operating at max capacity as more and more people contract the virus. This has had a severe impact on the nation's healthcare system, which has already been struggling since the very beginning.
The last item in this section, Coronavirus: Sweden's economy hit less hard by pandemic, is abour how, esponding to the pandemic, Sweden has taken a different approach aiming to mitigate, not suppress, community transmission, by using physical distancing without lockdowns. This study highlight the impact of different combinations of non-pharmaceutical interventions, especially moderate physical distancing in combination with more effective isolation of infectious individuals, on reducing deaths, health demands and lowering healthcare costs in Sweden.