The World Travel and Tourism Council (WTTC) has revealed the collapse of the UK’s travel and tourism sector. This led to a loss of £148 billion for the UK economy in 2020. The council’s annual Economic Impact Report showed that the travel and tourism GDP fell from £238 billion in 2019 to £90 billion the following year. This was accompanied by a loss of 307,000 jobs in the … [Read more...] about WTTC Reveals UK’S Tourism Sector Lost £148 Billion in 2020
UK Economy Reopens, Prime Minister Boris Johnson Sets COVID-19 Testing Plans
Everyone in England will be urged to take a coronavirus test twice a week as a new system of Covid passports is assessed for wide-scale use. This is under Prime Minister Boris Johnson’s plan to reopen the UK economy after lockdown. UK Economy Set to Reopen Free test kits will be made available through local pharmacies, community centers, and home delivery services. The new … [Read more...] about UK Economy Reopens, Prime Minister Boris Johnson Sets COVID-19 Testing Plans
UK Economy Expected to Recover After COVID-19 Second Wave
Online sales boomed during the lockdown, helping the UK economy. However, the forced closure of high street stores damaged the retail sector overall. The total volume of retail sales has recovered close to pre-pandemic levels. This is after falling by the most on record during the first wave. Supermarket sales have surged with pubs and restaurants closed and people … [Read more...] about UK Economy Expected to Recover After COVID-19 Second Wave
New Zealand Businesses Must Adapt to a Fragmented Post-Pandemic Economy
As recovery from the COVID-19 pandemic continues, there are strong grounds for believing the rejuvenated global post-pandemic economy will be completely unlike what went before. The liberal economic order that enabled the rapid growth of trade, investment, technologies, and incomes until the Global Financial Crisis (GFC) of 2008 shows signs of breakdown. Many developed … [Read more...] about New Zealand Businesses Must Adapt to a Fragmented Post-Pandemic Economy
In Increasing Euro Debt Sales, Governments Curb has Inflated the Hedge Fund Demand
The ECB’s massive bond-buying program has fuelled a bonanza in eurozone sovereign debt. Some investors vastly overstating their orders at debt sales in a bid to secure the coveted paper. However, governments are now starting enough is enough. Borrowers, including the European Union, France, and Spain, are moving to rein in orders from hedge funds in their syndicated bond … [Read more...] about In Increasing Euro Debt Sales, Governments Curb has Inflated the Hedge Fund Demand