Europe could face a double-dip recession as governments reimpose coronavirus lockdown measures, ING economist Carsten Brzeski has warned.

“It increasingly looks like a double dip," said Brzeski, chief economist in Germany for Dutch bank ING. "The surge in the third quarter has been driven by the lifting of the lockdown measures. There won’t be any additional lifting, rather the opposite. Therefore stagnation and possibly even a double dip is possible.”