Draghi says stimulus can aid recovery after Covid but warns on ‘bad’ debt

Former European Central Bank (ECB) president Mario Draghi has warned governments to use the massive stimulus they’ve deployed in the coronavirus pandemic to upgrade their economies or face the risk of another debt crisis. In his first high-profile appearance since leaving his post in October, Mr Draghi called for “credible” economic policies to avoid disillusionment […]

Read More

Draghi says stimulus can aid recovery after Covid but warns on ‘bad’ debt

Former European Central Bank (ECB) president Mario Draghi has warned governments to use the massive stimulus they’ve deployed in the coronavirus pandemic to upgrade their economies or face the risk of another debt crisis. In his first high-profile appearance since leaving his post in October, Mr Draghi called for “credible” economic policies to avoid disillusionment […]

Read More

Euro area sheds almost half of jobs created since 2013

The coronavirus pandemic has wiped out nearly half of the 12 million euro-area jobs created in the seven years since the last recession, in another sign of the enormous damage wreaked on the economy. Employment slumped by 4.9 million in first half of the year, almost all in the second quarter when the most stringent […]

Read More

Euro area sheds almost half of jobs created since 2013

The coronavirus pandemic has wiped out nearly half of the 12 million euro-area jobs created in the seven years since the last recession, in another sign of the enormous damage wreaked on the economy. Employment slumped by 4.9 million in first half of the year, almost all in the second quarter when the most stringent […]

Read More

Property prices rise again in June despite pandemic

Property prices rose marginally in the year to June despite the pandemic causing massive disruption to the housing market. Prices were up by just 0.1pc in June when compared with the same month last year. House building has been heavily set back by the virus, with estate agents reporting a fall off in viewing activity. […]

Read More

Property prices rise again in June despite pandemic

Property prices rose marginally in the year to June despite the pandemic causing massive disruption to the housing market. Prices were up by just 0.1pc in June when compared with the same month last year. House building has been heavily set back by the virus, with estate agents reporting a fall off in viewing activity. […]

Read More

Changing to four-day week will save jobs, says German union chief

The head of Germany’s largest trade union has proposed a four-day week to protect jobs threatened by digitalisation and the coronavirus-induced economic slump. Jorg Hofmann, head of IG Metall, said he planned to negotiate the reduced working hours for his members in wage talks with major players in the German automotive and mechanical parts sectors. […]

Read More

Alaskan model may help restart the aviation industry

The aviation industry is staring into a winter of devastation but the answer could lie in colder climes. An Alaska-style safe travel model could be utilised, amid warnings Irish airports desperately need support measures for the crippled aviation sector. Traffic has collapsed by 97pc at Dublin, Cork, Shannon and Ireland West-Knock airports since the pandemic […]

Read More

Alaskan model may help restart the aviation industry

The aviation industry is staring into a winter of devastation but the answer could lie in colder climes. An Alaska-style safe travel model could be utilised, amid warnings Irish airports desperately need support measures for the crippled aviation sector. Traffic has collapsed by 97pc at Dublin, Cork, Shannon and Ireland West-Knock airports since the pandemic […]

Read More

No recovery in the retail sector before 2025, says EY report

The technology sector will have recovered from the effects of the coronavirus and lockdown by the end of this year, but retail will not see 2019 levels of activity until beyond 2025. Overall, the economy here will not recover to its 2019 size until 2023 and Northern Ireland’s will take a further year return to […]

Read More