Coronavirus second wave is hitting Europe in very different methods. JPMorgan has a theory on it

View of Piazza di Spagna on October 20, 2020 in Rome, Italy.

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LONDON — There’s little question that Europe is seeing a second wave of coronavirus infections, however the surge is not affecting its main economies in the identical means.

The U.Okay., France and Spain, in addition to the Netherlands, have all seen a sharp rise in instances since late August-early September. But Italy and Germany have lagged behind their counterparts, solely now seeing numbers beginning to choose up dramatically.

JPMorgan analysts have regarded on the phenomenon and imagine they know what’s behind the disparity.

“Most likely, in our view, the difference between Germany and Italy, on the one hand, and France, Spain, the Netherlands and the U.K., on the other, is not mobility but rather the breadth of mask wearing and the efficacy of test and trace regimes,” JPMorgan Economist David Mackie mentioned in a be aware Thursday.

Spain and France reached the grim milestones of over 1 million coronavirus instances every on Wednesday whereas the U.Okay. lags with simply over 792,000 instances, based on a tally stored by Johns Hopkins University.

Italy, the place the virus first emerged in Europe in February, and Germany, have round 449,000 and 398,000 confirmed infections, respectively. They too now are seeing fast will increase in instances, nonetheless.

On Thursday, Germany reported greater than 11,200 new Covid-19 instances, marking the primary time because the begin of the pandemic that it had greater than 10,000 new instances recorded in a single day. On Wednesday, Italy reported 15,199 new instances from the day gone by, marking the most important upswing because the second wave began.

Test-and-trace and masks

Lag impact?

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