Economics

More Slog Than Snapback Is Outlook for Europe’s Virus Recovery

Naive to assume we’ll be back to normal, Bruegel’s Wolff says
Wary customers are still afraid of catching infection

A pedestrian walks along Calle Mayor past shuttered stores and cafes in Madrid, on May 7. — A pedestrian walks along Calle Mayor past shuttered stores and cafes in Madrid, on May 7.
Photographer: Paul Hanna/Bloomberg

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By Jeannette Neumann, Jill Ward, and Alessandra Migliaccio

May 10, 2020 at 6:00 AM UTC

Updated on

May 11, 2020 at 6:31 AM UTC

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For Javier Vazquez, business as usual will be a faint prospect even when he does get to reopen his two Madrid restaurants shuttered by the coronavirus.