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Europe Slammed by New COVID-19 Wave

Boston and New York are reopening for business, but Paris, Rome and Berlin are shuttered again amid a third wave of the coronavirus pandemic.

While a quarter of Americans now have at least one COVID-19 shot in their arms, only about 10% of Europeans do. And while a raft of analyses predict the U.S. economy will rebound strongly this year, forecasts for the 27-member European Union are middling.

While the coronavirus has taken a heavy health toll on both sides of the Atlantic, recovering from its economic devastation promises to be less egalitarian.

Europe’s slow vaccination rollout, complications with the AstraZeneca vaccine, more modest stimulus measures and a new upsurge in the virus may widen its near-term growth gap with the U.S., analysts say.

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