Just over a year ago, InvestChile – the South American country’s foreign direct investment (FDI) promotion agency – welcomed 300 foreign investors of 21 nationalities in Santiago. In a two-day event, they attended plenaries, workshops and over 200 meetings including with President Piñera, advancing over 7 billion dollars in potential projects. Fast-forward to today, and the view from Chile […]
There are currently heated debates on eurobonds, partly with the name coronabonds. This topic is also on the agenda again for the next EU and euro area meetings. Some countries, which have to pay relatively high interest rates on their government debt, demand the issuance of such bonds, most notably Italy, understandably assuming that such bonds would reduce their […]
UK dividends paid out in 2019 reached nearly £100bn, an all-time high, with nine out of ten sectors raising dividend payouts (Darbyshire, 2020). At the same time, there have been numerous reports of companies such as Carillion, Thomas Cook, Woodford Investment Management, and BHS paying dividends that were unwarranted by underlying financial health.
Following the unprecedented effects of the Covid-19 […]
While the coronavirus pandemic sweeps the entire world, governments’ response to the international health crisis has led the global economy to a standstill. Extensive lockdowns and social distancing measures are leading to massive unemployment spikes and numerous businesses are already seeing dramatic loss of revenue and struggling to maintain their operations.
In the US, unemployment rates rose to 4.4% in […]
The coronavirus disease (Covid-19) originated in Wuhan, China in late 2019. By early April 2020, this infectious respiratory disease had been identified in over one million people worldwide, with nearly 60,000 attributed deaths, and with an expectation that millions will eventually die from the disease. Coverage of the resultant pandemic has focused on three main measures: the number of […]
The European economy is experiencing a severe economic contraction as a result of the coronavirus lockdowns in place across most countries. We invited our European panel to express their views on Europe’s economic policy response to the Covid-19 crisis: first, on whether the economic benefits from lockdowns are likely to outweigh their costs over the medium term; and second, on the […]
The 2019–20 coronavirus pandemic is an ongoing pandemic of coronavirus disease (Covid-19), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). We have carried out some analysis of the daily data on the number of new cases of Covid-19 and the number of new deaths attributed to it for 191 countries as reported to the European Centre for Disease […]
Coronavirus has taken a heavy toll on businesses and economic activity across the UK. Firms that were forecasting growth and planning to recruit only a couple of months ago are now shutting their doors for an indefinite period, and many will look to furlough at least some of their staff.
Chambers of Commerce are uniquely positioned to respond to this […]
On 12 March, the FTSE 100 (index of the 100 largest UK companies) dropped 10.9% – its highest single-day fall since 1987. This follows flat GDP growth in the fourth quarter of 2019, with almost certain decline expected in the first quarter of 2020. The spread of Covid-19 means investors are extremely pessimistic about the outlook for the economy.
And if a […]
Just two weeks ago, the likelihood of a major US recession as a consequence of the public health challenge was still in doubt. In the past few days, the number of claims filed for unemployment insurance hit record levels; the total number of Covid-19 cases in the United States went past 100,000, already substantially higher than the totals in […]
The Covid-19 outbreak encompasses health risks and difficulties to our food chains. Above-normal demand and hoarding of some basic products have affected the normal operation of the food supply chain, resulting in empty supermarket shelves and forcing some retailers to impose constraints on the quantities sold. These impacts have increased food insecurity for the most vulnerable groups in the […]
The Covid-19 crisis has brought the European economy to a standstill. More and more states are taking drastic measures to contain the spread of the virus, while nobody can predict how long these exceptional circumstances will persist. As with any other crisis, we are once again learning that the future is fundamentally uncertain, and that people do not behave […]