The global pandemic has significantly impacted the US Travel & Tourism industry, with the country reporting the highest number of coronavirus...

The DACH region was responsible for almost 25% of domestic arrivals in Europe, over 10% of European international arrivals, and nearly 25% of...

We expect holiday sales to register a small advance this year, up only 0.6% y/y. While phase one of the recovery proved that fiscally supported...

The services sector partially snapped back in Q3, but the enduring health crisis will make the road to recovery long and uneven. Even after...

Some economists have been quick to upgrade their GDP forecasts for next year in response to the news that the Pfizer-BioNTech Covid-19 vaccine...

News of an effective potential vaccine is a significant boost in the fight against Coronavirus, but it doesn’t yet warrant an upgrade to our...

The latest vaccine newsflow reduces downside tail risks and increases our conviction in our ‘old economy’ rotation thesis. We upgrade global...

Our new Metro Recovery Trackers (MRTs) reveal that metro recoveries are laggards in the domestic rebound from the Global Coronavirus Recession....
Our ‘recovery tracker’ indicator improved through October, now surpassing the level reached prior to the second lockdown in Melbourne. However,...

The coronavirus crisis continues globally, and across England has taken a turn for the worse with the announcement of a new lockdown. Hopefully,...