“Even as the Fed maintains its ultra-loose policy stance and Congress provides further fiscal support, ongoing social distancing requirements are likely to keep GDP well below its pre-virus trend and the unemployment rate elevated over the coming years,” said Paul Ashworth, chief U.S. economist at Capital Economics.
“Although there have been encouraging reports with regard to a potential (COVID-19) vaccine by early 2021, as long there isn’t any effective one, containment measures will have to be kept in place regardless. A second series of partial lockdowns could have some serious economic effects.”
Boris Johnson doubles down on 14-day quarantine rule and says airport tests would give ‘false sense of security’
‘Our airlines, airports, hotels and tour operators rely on people doing more than taking a short self-drive holiday and we risk more job losses in these sectors if borders remain shut any longer than is necessary.
In a bleak warning, the Institute for Employment Studies (IES), which published the analysis, said the number of jobs likely to be lost “will almost certainly exceed anything we have experienced in at least a generation” – far exceeding the peak reached in the last downturn just over a decade ago and the highest since […]
Man in the Arena partially credits Ailes with the election of presidents Ronald Reagan, Richard Nixon and the elder George Bush due to the commercials he produced for them and the behind-the scenes debate prep he helped them with. When with Reagan, he was told never to talk about his age, thus he risked his […]
While the poll median for Q3 was the most optimistic since April, the Q4 consensus was cut for the third consecutive survey and there was no material change in the growth outlook next year, with growth seen slowing from 5.0% in the first quarter to 3.0% by Q4.
The scale of the Covid-19 jobs bloodbath has been laid bare as new research suggests more than half of medium-sized businesses are planning job cuts as the Government’s Job Retention Scheme comes to an end in October.
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After appointing City advisers in May, the chain is believed to be considering a range of restructuring options. These include a company voluntary arrangement (CVA) insolvency process, which would allow Pret to close unprofitable sites.