Following the COVID-19 lockdown, many UK industries have taken a hard hit after months of closures and furloughing of staff. The top three most impacted industries are education, hospitality and construction. This report will specifically evaluate the construction industry in light of a green economic recovery plan post-lockdown, assessing the ways the construction industry can...
The commercial aviation industry has been hit hard by the COVID-19 pandemic, both in the United States and globally. The drastic drop in demand from both business passengers – with remote work, most regular business travelers can instead use video conferencing – and leisure passengers – with most of the world in lockdown, few are...
COVID-19 has had worldwide consequences, both as an outbreak and in terms of the globalized world economy. According to the World Bank, the global economy will shrink by 5% and GDP per capita by 6.2% due to the pandemic. For Turkey, which is already in an economic crisis, the situation is even more critical. According...
The draft omnibus law should ‘green’ Indonesia’s infrastructure and agriculture production Indonesia has lost 3 million jobs because of the pandemic, bringing the unemployed figured to 10 million. Social assistance claims have skyrocketed; in West Java alone, 38 million of 50 million applied. Before the pandemic, there were 9 million claims in West Java. President...
Thailand’s automobile industry has been badly hurt as a result of COVID-19. The automotive industry in Thailand employs around “850,000 people and contributes about 10% to the country’s GDP”. It has been estimated by the Federation of Thai Industries (FTI)’s automobile club that total car production in the country could be cut in half during...
In early May 2020, the Spanish cabinet approved an important new climate law draft, with the objective of net-zero emissions by 2050. The plan also included an estimated €200 billion in investment, the creation of 350,000 new jobs, and a boost to the national economic growth by 1.8% over the next ten years. This is...
South Korea’s tourism/travel industry is dying as the corona virus cuts global transportation. From January to April in 2020, consumption spending on tourism and leisure in South Korea decreased by 21.2% and 11 trillion won from the same period last year. If current trends continue throughout the first half of the year, tourism revenues are...
Saudi Arabian Airlines and the aviation sector has been hard hit by the COVID-19 virus outbreak. The aviation sector makes a major contribution to the Kingdom’s economy as it generates $36.5 billion gross value and supports 594,000 jobs. The airlines own and operate jet aircrafts that offer scheduled passenger and cargo transportation services. The suspension...
In 2019, all Russian airline companies increased passenger transportation numbers by 10% compared to 2018 – up to 128 million people. More than 47% of the passenger traffic was accounted for by the Aeroflot group, which includes the airlines Aurora, Aeroflot Russian Airlines, Pobeda and Rossiya. In 2019, Aeroflot employed approximately 30,300 people; Rossiya employed...
The three major industries in Mexico are automotive, aerospace, and medical device manufacturing. One of the reasons for auto companies to move to Mexico is its location, with its closeness to the United States and the possibility that its western ports allow OEM manufacturers and Tier 1 and Tier 2 suppliers to export goods to...
