Farm-Labor Crisis under COVID-19 Sends Countries Scrambling by Nick Corbishley • Apr 13, 2020 • 149 Comments Miserable, crowded living conditions of Europe’s foreign farm workers put them at much greater risk. And they’re staying away.
Now in Lockdown, Mexico’s Economy Slides. Banks & Companies Clamor for Bailout. Government Refuses by Nick Corbishley • Apr 9, 2020 • 34 Comments All non-essential activities have been suspended for at least a month. But where are the bailouts?
Construction Activity Plunges in Germany, France, & Italy by Nick Corbishley • Apr 7, 2020 • 33 Comments And construction companies “aren’t expecting a swift recovery.”
Lockdown Hits UK Commercial Real Estate, Retail Landlords & Their Investors: Most Property Mutual Funds Suddenly “Gated” by Nick Corbishley • Apr 5, 2020 • 101 Comments Never before have so many property funds shut the doors on so many property investors.
A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess by Nick Corbishley • Apr 1, 2020 • 57 Comments Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
The $1.5 Trillion Global Tourism Industry Faces $450 Billion Collapse in Revenues, Based on Optimistic Assumptions by Nick Corbishley • Mar 30, 2020 • 69 Comments “We are temporarily a company with no product and no revenue.”
Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19 by Nick Corbishley • Mar 27, 2020 • 98 Comments Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout by Nick Corbishley • Mar 25, 2020 • 79 Comments During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.
New Currency Crisis Dawns: Mexican Peso Plunges to Record Low Against the Dollar by Nick Corbishley • Mar 23, 2020 • 63 Comments The flight into US dollars! Dollar-denominated debts of Mexican companies weigh heavily.
Australia’s Construction Industry “On Brink of Collapse”: Started Going to Heck Last Year, Now Comes COVID-19 by Nick Corbishley • Mar 22, 2020 • 73 Comments Bailouts, please!
