According to Joe McDonald's article, China who is the world’s second-largest economy is rebounding the economy fastest from the COVID-19 pandemic while the United States and Europe are far behind. China is the only major economy that is predicted to grow this year while activity in the United States, Europe, and Japan shrinks, so most Asian stock markets rise. The International Monetary Fund (IMF) is anticipating China’s economic growth at 1.8% this year while the U.S. economy is expected to shr
For the past few months, all of the major world powers, except for one, has entered into recession and worked to promote measures that would allow for recovery. In Laura He’s CNN article, “China is Winning the Global Economic Recovery”, readers learn that this one world power, China, was able to escape this fall into recession, and has since been projected to end the year with a 1.1% growth in GDP, which would bring them to accounting for approximately 17.5% of total GDP. With seeing results tha
Many people are looking forward to the US economy recovering, and rightfully so. America has clearly shown signs of progress from where it was 6 months ago. Businesses are opening up. People are returning to work. Looking forward, the economy seems like it is heading to the right direction. However, there's always two signs to the coin. Here I share an article where a Moody's analyst, Mark Zandi, makes the case for the economy to regress. Most economies around the world have been consistently pr
As we see in the title Europe is gearing up for a second lockdown, which can lead to more unemployment, businesses going bankrupt and more national debt. Small to medium businesses are dependent on good business doing the upcoming Christmas holydays. Germany says they are going for a “light lockdown” with bars, restaurants and gyms closed, but still having schools open. The “light lockdown” will therefore be affecting the GDP negatively, instead of a Christmas boost as many businesses usually se
Since the global lockdown began in March, it has been evident that every nation’s economy has taken an immense hit. As a U.S. citizen, I have seen our nation’s GDP growth go from positive to negative in a matter of months. For other countries, like Italy, this decrease in GDP has a much more sinister effect, considering that the economy of Italy has already been substantially struggling for years. At the end of 2019, Italy’s public debt represented 135% of GDP; and now, thanks to the pandemic, t
One of the industries that I would like to cover briefly today is tourism. Tourism has been significantly impacted by the global crisis. According to the Organization for Economic Cooperation and Development, more than half of the businesses in the sector may not survive by 2021. The main reason for this is the “ dire forecast is the prevalence of small enterprises operating in tourism—family hotels, restaurants, travel agencies, and entertainment venues”(piie.com). OECD is working on putting CO
Today small businesses are a big part of the local economy, they create jobs and help support other businesses. With business there are a good amount of factors that affect the economy, such as employment, taxes, helping other businesses, and supporting the local community. Small businesses help employment by hiring people who may not be able to work at a corporate company. They pay taxes which also supports the local governments and economy. They help other businesses because small companies li
Basically, on the overview of Covid-19 pandemic the most vulnerable and fragile countries that are under the humanitarian monitoring and care. explaining issues and terming social cases and issues such as discrimination and violation of rights and freedom, terming that indirect effects of covid-19 may cause a big havoc to these communities than even the pandemic itself. Also a number of challenges such as gender violence, rights and freedom violation, discrimination, poverty, underdevelopment, c
The pandemic has affected the economies globally; even under the possible policy and economic measures taken by the governments, the FDI in 2020 falls around 30%. FDI has its direct role in supporting the economies of the affiliated countries during and after the pandemic through different means.
Pandemic has also affected the linkages of MNEs. The companies in the longer-term may have to review the policies and geographic locations in order to protect themselves from the disruption of the supply
Due to the Covid-19 pandemic that has been happening most of 2020, holiday's with big gatherings and talking to strangers were uncertain to happen. Recently Halloween has just passed, and because this year has been crazy and people do not want to go out, that means a loss in market for costumes and decorations, so we throught. The article For Retailers, a Halloween Shock: It's Actually Happening in the New York Times, describes the shock of businesses that make Halloween decorations and costumes
Singapore has had a deep decline – the deepest in 11 years due to commercials properties sliding. Being down %6 from last year, expe3rts think this could be covid related however this will cause long term problems for financial systems. Hotel rooms are empty, and renting is down 4.5%. in Asia and Europe, the borrowing through nonbank systems has gone up 25% in recent years and banks are bette
The article posted by Bloomberg in October of 2020 describes how the fallout from the pandemic has affected those who are searching for a house. The article describes the housing markets, and includes the opinions of people all across the world about what went into their decision on buying, renting, or waiting for a home.
Real estate has been thriving in part due to the pandemic in comparison to past years. Induced polices by the Federal Reserve have fueled real estate with low interest rates. Th
The pandemic is the 4th Economic shock of the 21st century! In the aftermath of the global finacial crisis many governments especially Europe, choose to tighten their belts rather than spend. Which led to a slow economic recovery. Mean while you had governments that turned to fisical austerity to cut spending to balance their budget too soon! Which weakened and slowed down the economic recovery.
Covid-19 created an economic downturn that was very deep!
When it comes to reviving the economy, gove
THE WEF'S FOUNDER KLAUS SCHWAB SAID THAT INDIA'S EARLY POLICY RESPONSE TO THE COVID-19 PANDEMIC WAS STRONG AND IT HAS A BIG OPPORTUNITY IN LEAPFROGGING TO A MORE DIGITAL AND SUSTAINABLE ECONOMY AS THE WORLD WATCHES IT FOR INSPIRATION. WITH A DEMOGRAPHIC ADVANTAGE AND EXTENSIVE DIVERSITY IT HAS A LOT OF POTENTIALS TO SHAPE THE GLOBAL AGENDA.
THE EARLY POLICY RESPONSE TO MITIGATE THE CRISIS WAS STRONG, FROM EARLY LOCKDOWN TO LARGE SCALE FOOD RATIONS TO NEARLY A BILLION PEOPLE, RISKING STARVATION,
The economic crash of the stock market and real estate in Japan in 1989 was followed by a "lost decade" from 1991 to 2001. The features assocaiated with this crash are referred to as "zombie" features. Agathe Demarais, global forecasting director of the Economist Intelligence Unit said that these "zombie" features, the slow growth, low inflation and high debt, are likley to become common among ad
With all the talk of the COVID-19 pandemic for the past 10 + months, there is no doubt that this unprecedented event has taken a toll on our economy, and economies around the world. There is also no doubt that social distancing, and mask wearing, are scientifically proven methods of stopping, or at least slowing the spread of the virus amongst communities. This article was to interesting to read not just for the obvious facts, but the concept that we as humans, are social beings, and the economi
Before the election on November 3rd, Europe is closely watching what will unfold. The prior four years of Donald Trump have increased tariff wars between the US and Europe. And Biden is a return to the Obama era trade negotiations.
Europe has a more favored choice in this race, and either side's tariffs are not great for either economy. However, no matter who wins, the US and Europe fundamentally have trade disagreements with each other. Bilateral disagreements are common within trade and will c
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