Bloomberg (August 13)
“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.”
Tags: Analysts, Bounce, Consumer spending, Economy, G-7, Growth, IMF, Japan, Outlook, Q2, Recovery, Surges, Vaccination
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
Reuters (March 15)
U.S. airlines are pointing to “concrete signs of an industry recovery as a slowing COVID-19 pandemic helps leisure bookings.” One of them, “Chicago-based United, which had been among the most pessimistic of the airlines heading into the pandemic a year ago, is the first to say it could hit the industry’s cash burn milestone” and return to the black in March.
Tags: Airlines, Bookings, Cash burn, Chicago, COVID-19, Leisure, March, Milestone, Pandemic, Pessimistic, Recovery, U.S., United
Wall Street Journal (February 17)
“Continental governments have spent trillions during the pandemic keeping firms alive and people in jobs, but that safety net could be putting off the economic deep cleaning that normally comes with recessions.” Concern is growing that “mothballing the economy for so long will leave it struggling to adapt to the seismic business and social changes the crisis is driving. That could stall an economic recovery.”
Tags: Adapt, Crisis, Economic deep cleaning, Firms, Governments, Jobs, Mothballing, Pandemic, Recessions, Recovery, Safety net, Struggling
Bloomberg (February 12)
“GameStop is only the most public manifestation of a trend that radically departs from all precedents. Some of the potential consequences are worrying…. The most heavily shorted stocks have been doing well ever since the recovery from the initial shock of the pandemic got under way last March.” This has created “a historic ‘black swan’ disaster for short sellers.”
Tags: Black swan, Consequences, Disaster, GameStop, Historic, Pandemic, Precedents, Recovery, Shock, Shorted stocks, Trend, Worrying
Wall Street Journal (January 29)
“You know political spin is at work when the economy grows by 4% in the fourth quarter but the headlines are that growth fell for the entire pandemic year. Everyone already knows the economy fell off the cliff in the first half of 2020. The news is that the economic recovery is continuing despite the winter Covid surge.”
WARC (December 3)
With the “coronavirus in check,” China’s economy “is showing increasing signs of recovery.” This now extends to alcohol sales. “As social distancing rules and dining out restrictions are eased, brewers and distillers report increased demand, and the Chinese consumer, it seems, has a thirst in particular for premium brands.” The “growing penchant for premium products” is happily in step with the Government, which is promoting them as “a key driver of the country’s economic recovery.”
Tags: Alcohol, Brewers, China, Consumer, Coronavirus, Demand, Dining out, Distillers, Eased, Economy, Recovery, Restrictions, Sales, Social distancing
Financial Times (November 16)
“The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.” The market has rallied on vaccine advances, but “the deteriorating health situation across the country presents an imminent threat to the US economy as the winter months approach.”
Tags: Accelerating, Advances, Coronavirus, Deteriorating, Economy, Fears, Fiscal, Rallied, Recovery, Restrictions, Support, Surge, US, Vaccine
Seattle Times (October 27)
“The world’s biggest buyers of commercial jets believe Boeing, which is set to report more heavy financial losses Wednesday, has fallen significantly below parity with rival Airbus — with limited options for recovery as it bleeds cash during the pandemic-driven aviation crisis.”
Tags: Airbus, Aviation, Bleeds, Boeing, Buyers, Cash, Commercial jets, Limited, Losses, Options, Pandemic, Parity, Recovery, Rival
Reuters (October 19)
“China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.”
Tags: Caution, China, Consumers, Coronavirus, Drivers, Expected, Global demand, Growth, Persistent, Recovery, Risks, Weaker
