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Europe’s Labor Measures: Short-term Gain, Long-term Pain?
Blog

Europe’s Labor Measures: Short-term Gain, Long-term Pain?

Europe’s Labor Measures: Short-term Gain, Long-term Pain?

European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the year.

Europe: Moment of Truth
Anti-Crisis Euro Package: Not Good Enough
In Europe the Crisis Policy Response Is Substantial, But More Is Likely Needed
Fed Moves First to Counter COVID-19 Market Fears

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Nicola Mai

Portfolio Manager, Sovereign Credit Analyst


Mr. Mai is an executive vice president in the London office and a sovereign credit analyst in the portfolio management group. He leads sovereign credit research in Europe, and is a member of the European portfolio committee. He is responsible for formulating key macro views for the region and for identifying and analyzing global macro and investment trends. Prior to joining PIMCO in 2012, Mr. Mai was senior euro area economist at J.P. Morgan for seven years. He started his career as an economist in the U.K. government, in a program run by HM Treasury. He has 18 years of investment and financial services experience and holds a graduate degree in economics from Universitat Pompeu Fabra in Barcelona and an undergraduate degree in economics from the London School of Economics.

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