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The Eurozone shows signs of a rebound in a double-dip recession According to high-frequency data indicators, the Eurozone economy has begun to recover from the coronavirus pandemic, which provides early evidence that the Eurozone will recover from its strong rebound in the second quarter. Double-dip recession. The increase in the number of job advertisements, the increase in the number of trips to entertainment and leisure venues, and the increase in holiday bookings all indicate that economic activity is increasing. Rebound Although continuing to control the spread of the virus is restricted...

Melbourne is throwing city-wide events to drag workers back into the CBD, but Friday's foot traffic was 30% below pre-pandemic levels David Adams The City of Melbourne has celebrated its first "FOMO Friday", a series of activations and offers it hopes will draw workers back into the CBD. The initiative comes in partnership with the Property Council of Australia, which has strongly pushed for workers to return to the office after a year of remote work. Pedestrian traffic was down on average levels on Friday, Lord Mayor Sally Capp said, but she described turnout for the first of...

Fitch Solutions cuts Philippines growth outlook to 5.3% Lawrence Agcaoili © Boy Santos, file Fitch Solutions cuts Philippines growth outlook to 5.3% MANILA, Philippines — Fitch Solutions Country Risk & Industry Research expects a slower economic recovery for the Philippines in the next two years as the country continues to struggle to control the resurgence of COVID-19 infections. In its latest commentary titled “Philippines’ 2021 recovery hampered by the pandemic,” Fitch Solutions said it has slashed the gross domestic product (GDP) growth for the Philippines to 5....

India’s Covid crisis could blight the global recovery Scale of the outbreak presents a significant risk to other countries, several of which are key to UK companies' supply chains 29 April 2021 • 6:00am The Covid crisis engulfing India could blight the global recovery as companies are forced to shut down operations and an economy of 1.4bn people comes to a crashing halt, experts have warned. Lockdowns are being reimposed across the country in a bid to shore up its collapsing heath system and curb a brutal second wave of infections. Ratings agency S&P appeared poised to lower growth e...

The latest on COVID-19 in Ottawa for Monday, April 26.