Europe Economic Outlook: April 2020
The COVID-19 virus continues to spread and the economic damage is mounting.
With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics team present an update to our economic outlook for Europe
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Europe Economic Outlook: April 2020
With the rapid deterioration in the global economy as a result of the COVID-19 pandemic, Moody's Analytics presents an update to our economic outlook for Europe.
COVID-19 Age-Related Fatality and Mortgage Defaults in the U.K.
We use data on U.K. mortgages to establish a link between age and probability of default. The recent spike in the number of weekly deaths in Britain implies we could plausibly assume a 50% rise in mortality for those older than 55, under an extreme scenario. This assumption also implies an increase in the number of defaults by 33.1% for those older than 75, by 9.9% for those aged 56 to 75, and by 2.9% for all ages combined.
