The Economies of Europe and Canada Slow Down Their Recovery

The Crisis Continues

Scarcely a week after the World Economic Outlook survey of the International Monetary Fund pointed to a steady strengthening of the global economy in 2021, the roots of its prediction beginning to look extremely unstable.

The weak hopes of Europe rebounding from the pandemic's economic disaster have vanished, as the deadly virus has quickly spread across most of the continent. In turn, the Canadian economy began to slow down in recovery, not showing the best results.

It Won't Be Better

The country that "best" coped with the consequences of the crisis caused by the pandemic was the United States. The price for this was the uncontrolled printing of new bills and the purchase of securities from the market.

However, this is not a long-term solution. We can say that the United States using the printing press only postpones the inevitable.