BBC (October 27)
“The impact of Brexit on the UK economy will be worse in the long run compared to the coronavirus pandemic.” According to Richard Hughes, the chairman of the Office for Budget Responsibility, “leaving the EU will reduce the UK’s potential GDP by about 4% in the long term” while the impact of the pandemic is forecast as a 2% contraction of GDP.
BloombergQuint (October 19)
Hoarding and food shortages are back, even though “there’s plenty of food. There just isn’t always enough processing and transportation capacity to meet rising demand as the economy revs up. More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.”
Tags: Coronavirus, Daily life, Demand, Economy, Food, Hoarding, Pandemic, Processing, Shortages, Stores, Transportation, U.S., Upended
Atlanta Journal Constitution (October 14)
“Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.”
Tags: Benefits, Burst, COLA, Coronavirus, Drag, Economy, Inflation, Pandemic, Retirees, Social security, Struggles
Santa Monica Daily Press (October 12)
The most populous state in the U.S. now has “the lowest per capita rate of new coronavirus cases.” Still, California just topped 70,000 cumulative COVID deaths. This is “the most in the nation, surpassing Texas by about 3,000 and Florida by about 13,000, although California’s per capita fatality rate of 177 per 100,000 people ranks in the bottom third for the U.S.”
Tags: California, Cases, Coronavirus, Covid, Deaths, Fatality rate, Florida, Populous, Texas, U.S.
Market Watch (September 16)
“The U.S. passed another grim milestone in the coronavirus pandemic on Thursday, when the number of fatalities from COVID-19 passed 666,000, meaning that about 1 in every 500 people living in America has died of the illness.” And with just under 2,000 deaths from COVID a day, “the U.S. is suffering more deaths every two days than in the terrorist attacks of Sept 11, 2001.”
Tags: Coronavirus, COVID-19, Deaths, Fatalities, Grim, Milestone, Pandemic, Sept. 11, Terrorist attacks, U.S.
San Francisco Chronicle (August 13)
“The wildly infectious delta variant that has raged across the world and forced the United States into a fourth—and in some places unprecedented—surge has reshaped the coronavirus pandemic into a plague that may take many more years to come to an end.”
Tags: Coronavirus, Delta, Infectious, Pandemic, Plague, Raged, Surge, U.S., Unprecedented, Variant
Wall Street Journal (August 12)
“The rapidly-spreading coronavirus Delta variant and its impact on the global economy mean the world will consume less oil this year,” Lowering its forecast, the IEA’s latest market report notes that “the worsening of the pandemic, as well as revisions to historical data, mean its global oil demand outlook has been “appreciably downgraded,” with some of this year’s forecast recovery shifted to 2022.”
Tags: Coronavirus, Data, Delta variant, Demand, Downgraded, Forecast, Global economy, IEA, Impact, Oil, Outlook, Pandemic, Recovery, Worsening
Denver Post (August 5)
“The known total of global coronavirus infections surpassed 200 million Wednesday, a daunting figure that also fails to capture how far the virus has embedded itself within humanity.” Official death figures are also imperfect but useful markers and now stand at over 614,000 deaths in the U.S., 550,000 in Brazil, 425,000 in India, and 4.2 million worldwide.
Tags: Brazil, Coronavirus, Daunting, Death, Embedded, Humanity, India, Infections, Official, Surpassed, U.S., Virus
Wall Street Journal (July 29)
“The U.S. economy grew rapidly in the second quarter and exceeded its pre-pandemic size, but the outlook has suddenly turned cloudier due to the fast-spreading Delta coronavirus variant.”
Tags: Cloudier, Coronavirus, Delta, Economy, Fast-spreading, Grew, Outlook, Pre-pandemic, Q2, Size, U.S.
Chicago Tribune (July 19)
“When the race for coronavirus vaccines started, health officials knew the competition between rich and poor countries would be lopsided. But few expected poor countries to be at the mercy of donations from the rich, or that the inequity would be bad for so long. Poor countries have vaccinated 1% of their population, compared with 55% in the U.S. and about 25% globally.”
Tags: Competition, Coronavirus, Donations, Health officials, Inequity, Lopsided, Mercy, Poor, Race, Rich, Vaccines
