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South China Morning Post (September 13)

2021/ 09/ 14 by jd in Global News

“Even as they struggle with one of the world’s worst Covid-19 outbreaks, nations across Southeast Asia are slowly realising that they can no longer afford the economy-crippling restrictions needed to squash it…. Regulators are pushing forward with plans to reopen, seeking to balance containing the virus with keeping people and money moving.”

 

Reuters (September 13)

2021/ 09/ 13 by jd in Global News

“Shortages of metals, plastics, wood and even liquor bottles are now the norm.” As these “hobble” the U.S. economy, “new challenges continue to arise, including hurricane disruptions to U.S. oil refineries.” Supply lines present additional challenges. “With so many manufacturers rushing to build supplies at the same time, the containers, ships, and trucks needed to move the goods often aren’t available, and have soared in cos…. That has disrupted some of the mechanisms that normally help keep supplies, and prices, in check.”

 

Bloomberg (August 13)

2021/ 08/ 15 by jd in Global News

“It seems like Japan’s big recovery is always a quarter away.” The economy may just barely manage growth in the second quarter, but the slow vaccination rollout and ongoing surges mean “the bounce in consumer spending that analysts had been forecasting will have to wait even longer.” Japan has earned “the dubious distinction of being the only G-7 economy to have its growth outlook for this year cut by the International Monetary Fund.”

 

Wall Street Journal (July 29)

2021/ 07/ 30 by jd in Global News

“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.”

 

Boston Globe (July 14)

2021/ 07/ 15 by jd in Global News

“The Boston-Cambridge economy may never be the same after the COVID-19 pandemic.” Throughout the region, a “long-term acceptance of remote work and changes in commuting and travel habits” are expected to continue. As employees spend less time in the office, “demand for office space could drop by up to 20 percent, and commuter rail usage could fall between 15 and 50 percent from pre-pandemic levels.”

 

MarketWatch (July 13)

2021/ 07/ 14 by jd in Global News

“U.S. stock indexes on Tuesday morning edged slightly lower from Monday’s record closes, as investors assessed a hotter-than-expected consumer inflation report for June, which suggests to some that the Federal Reserve may need to consider removing some of its monetary policy measures to avoid an overheated post-COVID economy.”

 

Washington Post (July 9)

2021/ 07/ 11 by jd in Global News

“Tokyo’s newly rebuilt, 68,000-capacity National Stadium… will be empty throughout the Games, symbolizing the vast sums of money invested in these Olympics with little reward for the people of Japan or the country’s economy.” The spectator ban “highlights the government’s failure to get its vaccination program underway early enough to allow the Games to take place safely with fans.”

 

Financial Times (July 2)

2021/ 07/ 04 by jd in Global News

“The readings on the Tankan, widely regarded as Japan’s most reliable economic data series, suggest Asia’s only G7 economy is well-positioned for growth in the second half of the year.”

 

Atlanta Journal Constitution (June 23)

2021/ 06/ 25 by jd in Global News

“American leisure air travel is bouncing back quickly after plunging last year. But it could take months or years for business travel to return to normal—if ever—even as more companies prepare to bring workers back to offices.” For metro Atlanta’s economy and Hartsfield-Jackson International Airport, “that spells uncertainty.”

 

New York Times (May 18)

2021/ 05/ 19 by jd in Global News

“With much of the country under a state of emergency and deaths climbing,” Japan’s “yo-yoing economic pattern” is expected to continue “until the country has vaccinated a significant portion of its population.” Given the “plodding” pace of its vaccination program, this “dynamic could potentially push the country back into recession — defined as two consecutive quarters of contraction — later this year, as it struggles to check the spread of deadlier and more contagious coronavirus variants.”

 

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