It’s a fine line

Edito The pandemic has once again taken the front stage : Asia is now the epicenter of the Covid spread dynamic, which is problematic since the continent has been the engine of the recovery. The weekly contamination numbers, at their highest, could have challenged the consensus in terms of recovery, which remains stubbornly positive, but this was without counting on the resilience of activity in Europe, where deconfinements are starting to be planned and macro numbers keep surprising positively. This handover is therefore timely, but reminds us that the balance holding the recovery momentum remains fragile.