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UK economy should recover fully by end of 2021

Location:

UNITED KINGDOM

The revised forecast reflects the economy’s resilience to the re-imposition of COVID-19 restrictions during January and April this year. The UK economy is expected to return to…

US COVID-19 labour strike wave will grow

Location:

UNITED STATES

Congress has passed three COVID-19 relief packages, which include payroll support for shuttered businesses to retain employees. Congress now eyes a fourth package to expand…

Slow productivity will weigh on UK economy

Location:

UNITED KINGDOM

This is the result of low levels of private and public investment, deficiencies in skills and training, and contractionary fiscal policy. The government is intent on addressing…

UK economy will recover quickly amid vaccine roll-out

Location:

UK

The fall highlights the economic impact of the second lockdown; the third, from mid-December, will cause GDP to fall in the first quarter of 2021. The accommodation and food…

High US unemployment means social fabric risks

Location:

UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…

US COVID-19 local budget squeeze will intensify

Location:

UNITED STATES

States' revenues have fallen sharply while mandatory spending has surged; one projection sees their combined budgetary shortfall amounting to USD615bn over the next three years…

Tourism makes small steps towards recovery in Egypt

Location:

EGYPT

Tourist arrivals to Egypt are creeping up towards about half of the pre-pandemic level. They have recently been boosted by the resumption of charter flights from Russia to Red Sea…

US and other cruise lines will innovate over COVID-19

Location:

US/INT

COVID-19’s onset has seen rapid loss of passenger demand amid government social lockdowns. As all major cruise lines are incorporated or domiciled abroad, they also do not qualify…

Tourism reopening will ease Bhutan’s economic strains

Location:

BHUTAN

The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…

Hungary’s monetary stance may weaken forint further

Location:

HUNGARY

Hungary’s financial and economic woes are deepening amid a second wave of COVID-19 infections, which is undermining business and consumer confidence, and threatening to derail the…