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
Economy
UK Construction on the Rise Amid Fast Economic Recovery
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
Germany Sees Surge in COVID-19 Cases, Economy Recovery Bleak
This is not the time to consider the full reopening of the German economy. Rather, the time to be strict and keep coronavirus infections low, Germany’s finance minister said while adding that richer households will soon be paying more in taxes. Germany Economy “There is not a time for opening. This is the time for being very tough, for keeping infection rates down,” German … [Read more...] about Germany Sees Surge in COVID-19 Cases, Economy Recovery Bleak
EU Recovery Logjam Slammed by Le Maire as G-20 Gathers
The European Union’s rollout of its recovery fund has lost so much urgency. French Finance Minister Bruno Le Maire raises the alarm at the risk delay poses to the region’s rebound from the pandemic. EU Rollout The 750 billion-euro ($890 billion) plan is “not on the right track,” he told Francine Lacqua in a Bloomberg Television interview. This marks Wednesday’s Group of 20 … [Read more...] about EU Recovery Logjam Slammed by Le Maire as G-20 Gathers
WTTC Reveals UK’S Tourism Sector Lost £148 Billion in 2020
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