Sanya Dot

The crisis caused by the coronavirus, which has been going on for more than a year now, is far from being over. But perhaps the worst thing is that a latent pessimism – unjustified but real – all too often obscures data and realities which lean towards a cautious and reasoned optimism. If this is added to the political turmoil, Spain may face extreme confusion that alters … [Read more...] about Spain Sees Recovering Economy Amid Worsening Politics

Britain’s construction sector has had its sharpest pick-up in activity since 2014. This is amid signs that the domestic economy is recovering more quickly than Brexit- and pandemic-affected trade flows, new figures have shown. UK Rapid Economy Recovery The latest snapshot of the construction sector. This accounts for around 6% of total UK output, pointed to an … [Read more...] about UK Construction on the Rise Amid Fast Economic Recovery

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

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

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