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Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.
- A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously stocking up
- The U.K. will lead the economic recovery among major European nations with its fastest growth in almost half a century, before sliding to the bottom of the pack by 2023
- U.S. President Joe Biden’s administration is set to announce it’s reached a truce in a dispute with the European Union over metal tariffs, sparing iconic products such as U.S. bourbon whiskey from a doubling of EU duties next month, people familiar with the matter said. Meanwhile, British officials aren’t convinced by Biden’s plan for a global minimum business tax rate of 21%
- China’s economic recovery was a mixed bag in April, with industrial output and investment buoyed by strong exports and a hot property market,…
