Posts

Showing posts with the label economy

Covid-19 Set To Decimate Global Airport Revenue

Image
Airports Council International (ACI) World has published its fourth update analysing the economic impact of the COVID-19 pandemic, and its effects on the global airport business The month of August marked more than five months since COVID-19 was declared a pandemic on 11 March 2020 by the World Health Organization (WHO). Air transport has remained one of the hardest-hit global industries since the very beginning of the global health crisis. According to the Air Transport Action Group (ATAG), aviation supports 65.5 million jobs worldwide and enables $2.7 trillion (figures in US Dollars) in global Gross Domestic Product (GDP) On a global scale, passenger traffic declined by -56.7% in the month of March year-over-year. In April, passenger traffic on a global scale reached a rock bottom of -93.7% compared to the month of April 2019.The decline in passenger traffic volumes for the month of May was estimated at -90.3% year-over-year The second quarter of 2020 recorded a -89.3% decline in pas...

Majority Of U.S. Young Adults Now Live With Their Parents

Image
 The devastating economic impact of the pandemic in the United States is pushing increasing numbers of young people to move back in with their parents. A recently released Pew Research Center analysis has found that a majority of 52 percent of Americans aged between 18 and 29 now live with a parent, the highest share recorded since the Great Depression era.  Infographics show percent of young adults in USA living with their parents  during past recessions. You will find more infographics at Statista

Japanese Economy Struggles With Recessions

Image
    Covid 19  outbreak has caused Japanese GDP contraction by 28.1 percent in Q2 of 2020 at an annualized rate. You will find more infographics at Statista