Category Archives: Economy

21Jun/20

COVID-19 to add £5.3bn to UK ecommerce in 2020

The surge in online shopping caused by the COVID-19 pandemic is expected to add £5.3bn to UK ecommerce sales this year to make a total of £78.9bn. This is according to analysts at Edge Retail Insight, the global trend forecasting arm of retail insights firm Edge by Ascential, who have updated all pre-existing forecasts to account for the significant long-term impact of COVID-19 on consumer shopping behaviours and preferences. Read more

16Jun/20
Google Cloud

Solving for IT Operational Efficiency: Principles of Optimization

Today, IT leaders need to quickly optimize costs and simplify operations to respond to new and changing business conditions.

To better serve our customers during this time, Google Cloud is focused on solving together for operational efficiency, business continuity, and digital transformation. These marketing resources help you launch digital-first, cost-effective campaigns about Google Cloud, with a focus on listening to customers and serving their unique business needs. Read more

16Jun/20

Despite Multi-State Push To Reopen Economy, Americans Unconvinced It’s Safe To Return To Work

Only one in three Americans feel they have heard all that is required from their government and employers (32% and 33% respectively) in order to feel safe returning to work, according to the June edition of an international opinion survey tracker conducted by leading global strategic communications firm Kekst CNC.

The dynamics are similar among American workers specifically: 31% and 23% respectively feel they have not yet heard enough. What’s more, this sentiment is especially true among lower-earning Americans, of whom only 18% agree their employers have made them feel safe enough to return. Read more

26May/20

CRU: Multi Commodity Outlook

Over Q1 2020, COVID-19 has developed from an emerging threat to a transformational reality with potentially long-lasting effects on economic growth. All optimism for commodity markets at the start of the year was quickly extinguished as the coronavirus emerged in Wuhan, China. Prices have been dragged down further by dire market fundamentals which were a result of government-imposed lockdowns in the major global economies. Both supply and demand have been lowered across the board, but demand has been harder hit and will be slower to make a recovery. Most commodities have further to fall from here. There has been a profound human cost to the pandemic and the economic fallout of governments’ responses is just starting to be counted. Read more

24May/20

CRU: China to Announce More Than RMB 5tn of Stimulus

China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more

18May/20

WeChat Releases New Report on the QR Code Economy’s Fight Against COVID-19

On May 18, Tencent’s WeChat, Tsinghua University’s Tsinghua China Data Center, and the Tencent Social Research Institute jointly released a report entitled “The 2020 Pandemic and the QR Code Economy Report”. The report points out that as an important part of the digital economy, the WeChat QR Code Economy has played an effective role in buffering the negative impact of the COVID-19 pandemic. Read more

13May/20

CRU: India: Lockdown Casts a Spell on Growth as Recession Looms

India is expected to enter recession following the quarantine imposed on the world’s second most populous country. The recent plunge in the PMI activity index highlights the huge economic costs of lockdown. But the worst is yet to come. We expect GDP growth to contract by 0.9% in 2020, well below the 7% norm of recent years. Risks are numerous should the accumulated structural weakness backfire during this unprecedented crisis. Read more

04May/20

Salesforce Announces Work.com to Help Businesses and Communities Safely Reopen

Salesforce (NYSE: CRM), the global leader in CRM, today announced Work.com – new technology solutions and resources to help business and community leaders around the world reopen safely, re-skill employees and respond efficiently on the heels of the COVID-19 pandemic.Read more

04May/20

Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year

Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% — or more than 1.7% year over year — in the wake of the coronavirus, according to a forecast released today by Zillow®. Read more

22Mar/20

Essential Critical Infrastructure Workers During COVID-19 Response

Developed in collaboration with other federal agencies and the private sector, the Agency said its list of “Essential Critical Infrastructure Workers was designed to help State and local officials as they work to protect their communities, while ensuring continuity of functions critical to public health and safety, as well as economic and national security. Read more