New York Times (December 18)
“Rising Covid-19 cases are taking a steep toll on economic activity, battering the labor market even as new vaccines offer a ray of hope for next year.” After dropping earlier in autumn, jobless claims “have moved higher, and they remain at levels that dwarf the pace of past recessions.” New restrictions are hammering “the hospitality industry, lodging, airlines and other service businesses…. Until mass inoculations begin next year, the economy will remain under pressure.”
Tags: Airlines, Battering, COVID-19, Economic activity, Hope, Hospitality, Jobless claims, Labor market, Lodging, Recessions, Restrictions, Toll, Vaccines
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
Washington Post (November 30)
“The NFL was a joke Sunday, at a time when nothing about the coronavirus warrants laughter. In Baltimore, the Ravens reported a positive test for the eighth straight day, further jeopardizing a twice-delayed game against the undefeated Pittsburgh Steelers. In the Bay Area, the San Francisco 49ers were rendered temporarily homeless, if they want to keep playing football, because of local restrictions.” Make no mistake. “The coronavirus is in charge, and it is raging once again…. It’s impossible to play football out in the open, without a bubble environment”
Tags: 49ers, Baltimore, Bubble, Coronavirus, Delayed, Football, Joke, NFL, Pittsburgh, Positive test, Raging, Ravens, Restrictions, San Francisco, Steelers
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
The Financial Times (October 19)
As the second wave of COVID-19 strikes, “Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery.”
Tags: COVID-19, Double-dip, Economists, Economy, Europe, Government, Infections, Movement, Recession, Restrictions, Second wave
USA Today (August 10)
“The planet recorded its 20 millionth coronavirus case Monday and U.S. lifestyle continues to face changes, restrictions and cancellations.” The real number is probably much higher, “given testing limitations and the fact that as many as 40% of all those who are infected have no symptoms.”
Tags: Cancellations, Coronavirus, Infected, Lifestyle, Limitations, Planet, Restrictions, Symptoms, Testing, U.S.
Hindustan Times (June 23)
“India is a case in point because it imposed the earliest and strictest lockdown.” Unfortunately, the nation “eased restrictions before cases peaked.”
Bloomberg (May 19)
“Australia’s success in curbing Covid-19 infections is allowing it to slowly ease some restrictions even as it remains largely closed off from the rest of the world, taking its economy back to the pre-globalization era.” Stimulating domestic consumption prove essential “to drive any rebound,” but complicated by consumer worries. “Even before Covid-19, Australian households were among the most indebted in the developed world, with debt almost double disposable income.”
Tags: Australia, Closed off, Consumption, COVID-19, Developed world, Economy, Households, Indebted, Pre-globalization, Restrictions, Success
Washington Post (May 13)
As countries around the world “explore ways to end stay-at-home orders, countries that had already opened up are closing down again after renewed spikes in infections. Lebanon on Tuesday became the latest country to reimpose restrictions after experiencing a surge of infections, almost exactly two weeks after it appeared to contain the spread of the virus and began easing up.”
Tags: Closing down, Infections, Lebanon, Open up, Restrictions, Spikes, Spread, Stay-at-home, Surge, Virus
Wall Street Journal (May 26)
“The European Commission wants to apply local-content quotas to streaming services such as Netflix and Amazon Prime’s video offering.” They might also impose other restrictions and taxes. This is the wrong principle. “Brussels is showing that its main concern whenever a new technology comes along will be how to hobble it with the same overregulation that afflicts old technologies.”
Tags: Amazon Prime, Brussels, European Commission, Hobble, Local content, Netflix, Overregulation, Restrictions, Streaming, Taxes, Technology
