It’s not often that “zero” is used in official statistics that are normally counted in millions of people and billions of euros.
But auto sales had already dropped three years in a row — before Covid.
Airlines, automakers at the forefront. And it has only just begun. EU waives rules banning state aid. Ryanair, which doesn’t need a bailout, is furious.
Here’s the story of two student housing REITs in the UK that crashed.
“The stimulus the country urgently needs is not experimental and dangerous monetary policy.”
In the forlorn hope the world’s biggest green-energy zombie will somehow survive the oncoming storm.
First the Global Financial Crisis, then the Euro Debt Crisis, now the Big One.
The industry exhorts the government to call out “can pay, won’t pay” retailers, many of them global brands that avoid paying rent despite their cash reserves.
Big driver behind soaring rents — the “Airbnb effect” that removed countless properties from global cities’ long-term rental markets — reverses.
It will likely take “several years before the output lost due to the virus outbreak is fully regained.”