Mobility - July 2021 - 48

obility
atters
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48
When the corona virus
epidemic struck in
2020 and shut down
the U.S. economy,
consumer demand for
goods and services
absolutely tanked.
Now that businesses
are reopening, the
challenge is to meet
that resurging demand
for goods and services,
from computer chips
that make automobiles
work to waitstaff needed
at restaurants. That
hasn't been easy, as
evidenced earlier this
year by the long line of
container ships waiting
to unload goods at
California ports and
the problems eateries
have faced as they try
to hire workers.
Source: nytimes.com
Brazil pumped a great
deal of money into
its economy last year,
trying to keep it afl oat.
The South American
country, however,
failed to keep the
coronavirus in check.
As a result, Brazil
has experienced one
of the world's worst
outbreaks this year,
and that has forced the
government to spend
even more money,
which has pushed up
infl ation and forced its
central bank to raise
interest rates.
Source: bloomberg.com
Interesting, challenging, and surprising
stats and fi nds around the globe
BY JON FERGUSON
The rollout of vaccination programs to combat the
coronavirus pandemic has raised expectations that
brighter days are ahead for the world's economies, which
seemed to grind almost to a halt in 2020. While progress
has been made, it hasn't been uniform across the globe, and
challenges are still ahead.
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European economies
continued to struggle
this year, due to
yet another wave of
coronavirus infections,
erratic vaccination
programs, and the
absence of clear policy
directions. There were
some exceptions.
Industrial production,
particularly in
Germany, remained
strong, and the U.K.
instituted an eff ective
vaccination program
that improved its
prospects for economic
growth. Despite that,
experts believe much of
Europe's gross domestic
product won't get
back to pre-coronavirus
levels until late 2022.
Source: brookings.edu
A report by the World
Bank released in
March indicated that
better economic
prospects are ahead
for the countries of
sub-Saharan Africa.
That report pointed
to a slower spread of
the coronavirus, lower
mortality rates, and a
quicker-than-expected
recovery in commodity
prices. For economic
recovery to truly take
hold, the report cautioned,
these countries
need to continue
making reforms to
create jobs, encourage
investment, and nurture
competitiveness.
Source: worldbank.org
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China appears to be
on track for a robust
economic recovery
this year. Industrial
production in January
and February jumped
35.1% over the same
period the previous
year, when the country
was in the throes of a
coronavirus-induced
slowdown. Retail sales
surged 33.8%, and
investment in fi xed
assets and imports
and exports grew
by more than 30%.
Experts expect China's
economy to grow by
7.8% this year, up from
2.3% in 2020.
Source: forbes.com
worldwideerc.org
IURII DZIVINSKYI / SHUTTERSTOCK.COM
ZHU DIFENG / SHUTTERSTOCK.COM
http://www.SHUTTERSTOCK.COM http://www.worldwideerc.org http://www.bloomberg.com http://www.SHUTTERSTOCK.COM http://www.worldbank.org http://www.nytimes.com http://www.brookings.edu http://www.forbes.com

Mobility - July 2021

Table of Contents for the Digital Edition of Mobility - July 2021

Mobility - July 2021 - Cover1
Mobility - July 2021 - Cover2
Mobility - July 2021 - 1
Mobility - July 2021 - 2
Mobility - July 2021 - 3
Mobility - July 2021 - 4
Mobility - July 2021 - 5
Mobility - July 2021 - 6
Mobility - July 2021 - 7
Mobility - July 2021 - 8
Mobility - July 2021 - 9
Mobility - July 2021 - 10
Mobility - July 2021 - 11
Mobility - July 2021 - 12
Mobility - July 2021 - 13
Mobility - July 2021 - 14
Mobility - July 2021 - 15
Mobility - July 2021 - 16
Mobility - July 2021 - 17
Mobility - July 2021 - 18
Mobility - July 2021 - 19
Mobility - July 2021 - 20
Mobility - July 2021 - 21
Mobility - July 2021 - 22
Mobility - July 2021 - 23
Mobility - July 2021 - 24
Mobility - July 2021 - 25
Mobility - July 2021 - 26
Mobility - July 2021 - 27
Mobility - July 2021 - 28
Mobility - July 2021 - 29
Mobility - July 2021 - 30
Mobility - July 2021 - 31
Mobility - July 2021 - 32
Mobility - July 2021 - 33
Mobility - July 2021 - 34
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Mobility - July 2021 - 36
Mobility - July 2021 - 37
Mobility - July 2021 - 38
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Mobility - July 2021 - 40
Mobility - July 2021 - 41
Mobility - July 2021 - 42
Mobility - July 2021 - 43
Mobility - July 2021 - 44
Mobility - July 2021 - 45
Mobility - July 2021 - 46
Mobility - July 2021 - 47
Mobility - July 2021 - 48
Mobility - July 2021 - Cover3
Mobility - July 2021 - Cover4
https://www.nxtbook.com/ygsreprints/WERC/mobility-july-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-june-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-may-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-april-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-march-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-february-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility_122020
https://www.nxtbook.com/ygsreprints/WERC/mobility_112020
https://www.nxtbook.com/ygsreprints/WERC/mobility_102020
https://www.nxtbook.com/ygsreprints/WERC/mobility_092020
https://www.nxtbook.com/ygsreprints/WERC/mobility_082020
https://www.nxtbook.com/ygsreprints/WERC/mobility_072020
https://www.nxtbook.com/ygsreprints/WERC/mobility_062020
https://www.nxtbook.com/ygsreprints/WERC/mobility_052020
https://www.nxtbook.com/ygsreprints/WERC/mobility_042020
https://www.nxtbook.com/ygsreprints/WERC/mobility_032020
https://www.nxtbook.com/ygsreprints/WERC/mobility_022020
https://www.nxtbook.com/ygsreprints/WERC/mobility_012020
https://www.nxtbook.com/ygsreprints/WERC/mobility_122019
https://www.nxtbook.com/ygsreprints/WERC/mobility_112019
https://www.nxtbook.com/ygsreprints/WERC/mobility_102019
https://www.nxtbook.com/ygsreprints/WERC/mobility_092019
https://www.nxtbook.com/ygsreprints/WERC/mobility_082019
https://www.nxtbook.com/ygsreprints/WERC/mobility_072019
https://www.nxtbook.com/ygsreprints/WERC/mobility_062019
https://www.nxtbook.com/ygsreprints/WERC/mobility_052019
https://www.nxtbook.com/ygsreprints/WERC/mobility_042019
https://www.nxtbook.com/ygsreprints/WERC/mobility_032019
https://www.nxtbook.com/ygsreprints/WERC/mobility_022019
https://www.nxtbook.com/ygsreprints/WERC/mobility_012019
https://www.nxtbookmedia.com