WARC (September 28)
“COVID-19 and recession mean the next 18-24 months will be a difficult time in which resilience planning will be essential for businesses everywhere.” Corporate strategies will need to align with the five “consumer sentiments that will be uppermost in a changed world,” namely: Financial Anxiety, Health Concerns, Loneliness Syndrome, Quest for Truth and Safety Fears.
Tags: Anxiety, Businesses, Consumer sentiments, COVID-19, Health, Loneliness, Planning, Recession, Resilience, Safety, Strategies, Truth
Chicago Tribune (August 27)
“The middle of a horrendous recession is an odd time to boast about your stewardship of the economy. But it fits with Trump’s habit of taking credit for anything that goes right while taking no responsibility for any bad news.”
Tags: Boast, Credit, Economy, Horrendous, Recession, Responsibility, Stewardship, Trump
Billboard (August 17)
The UK music scene “may soon be unrecognizable because of the coronavirus pandemic, which has plunged the U.K. economy into its worst recession on record.” While socially-distanced live music has resumed, under a third of venues can meet the requirements and most “would lose too much money on these reduced-capacity shows for it to be economically feasible.” Music Venue Trust, a charity which represents 670 grassroots venues, estimates that “more than 400 across the country are in crisis.”
Tags: Capacity, Coronavirus, Crisis, Feasible, Grassroots, Live music, Pandemic, Recession, Socially-distanced, UK, Unrecognizable, Venues
NBC News (June 9)
“Stocks soar despite coronavirus and a recession. It’s time for a reality check, and a crash. Psychological factors are making markets poor gauges of the U.S. economy’s strength. We should wrench our eyeballs from the ticker tape before it’s too late.”
Tags: Coronavirus, Crash, Economy, Markets, Psychological, Reality check, Recession, Stocks, U.S.
Jerusalem Post (June 9)
“Following “a very steep increase in morbidity” in Israel, “the coronavirus cabinet decided on Monday to freeze nearly all easing of restrictions that were expected in the coming days as the number of active cases continues to climb across the country.”
Tags: Coronavirus, Crash, Economy, Markets, Psychological, Reality check, Recession, Stocks, U.S.
Financial Times (May 9)
“The grim picture of the US labour market in the midst of a lockdown that has choked economic activity will increase concerns that any rebound from the sudden deep recession could take longer than was expected just a few weeks ago.” With unemployment at 14.7%, “its highest level since the second world war,” any chances of a V-shaped recovery now look remote.
Tags: Economic activity, Grim, Lockdown, Rebound, Recession, Recovery, Remote, U.S., Unemployment, V-shaped
New York Times (March 17)
The U.S. economy is shutting down “as pandemic measures take hold. The fast-spreading virus has put an end to movies, date nights and other economic activity, prompting some economists to call a U.S. recession.” By Monday, “it was clear everywhere that most of the American economy was grinding to an unparalleled halt and would remain that way for months.”
CNN (February 17)
“Japan’s economy is flirting with recession, and the novel coronavirus could push it over the edge.” To some, a recession now looks “inevitable.”
Tags: Coronavirus, Economy, Flirting, Japan, Recession
Forbes (January 13)
“Recession fears are back in full force: 97% of CFOs said that an economic downturn has already begun or will begin in 2020—up from 88% who said the same thing last year, according to Deloitte’s latest CFO Signals Survey.”
Forbes (October 28)
“Amid a global slowdown in economic growth that has seen central banks lower interest rates near zero or below in an effort to provide stimulus,” a number of “major economies are on high recession alert.” These include Hong Kong, the U.K., Germany, Italy and China. “Other highly stressed economies around the world include Turkey, Argentina, Iran, Mexico and Brazil.”
Tags: Argentina, Brazil, Central banks, China, Economic growth, Germany, Global slowdown, Hong Kong, Interest rates, Iran, Italy, Mexico, Recession, Stimulus, Stressed, Turkey, U.K.
