Governments need to “rethink global travel restrictions,” according to the Singapore-based secretariat of the 21-country Asia-Pacific Economic Cooperation (APEC) bloc, which described the pandemic-related curbs as “chaotic.” The frontier rules “are not consistent,” the secretariat said on Wednesday, leading to “even essential travel” becoming “more cumbersome” and “more exclusive” than it has been for decades.
DUBLIN — Most of the world’s big economies are running below pre-pandemic levels despite “accelerating” growth in the second quarter of this year, according to the Organisation for Economic Co-operation and Development (OECD). Overall gross domestic product (GDP) across the OECD remains 0.7 per cent below that reported at the end of 2019, shortly before the coronavirus pandemic was declared, the Paris-based OECD said on Monday. That’s despite GDP expanding 1.6 per cent across the Group of 7 (G7) economies in the second quarter, up from 0.4 per cent in the first three months of the year. There were “strong variations” among what the OECD calls the “Major Seven” economies, which does not include China, which does not inclide the world’s second biggest GDP after the the US. Britain grew growing the fastest of the 7, at almost 5 per cent from April to June, after a near 2-per-cent contraction during the previous three months, when, like in many Western countries, economically-debilitating pandemic restrictions were in place.
DUBLIN — Even as the coronavirus pandemic has receded in some parts of the world, coffee drinkers might not be able to sip in peace anytime soon: According to a recent analysis, coronavirus restrictions have likely spurred a crisis across the global coffee industry. In a study published by the National Academy of Sciences in the US, researchers led by academics from Rutgers University said “socio-economic disruptions” since the start of the pandemic “are likely to drive the coffee industry into another severe production crisis.” Lead author Kevon Rhiney warned of “serious implications for millions of people across the globe” if there is turmoil in the sector.
DUBLIN — A stronger-than-expected rebound this year will still leave the world down an estimated 10 trillion dollars due to the coronavirus pandemic and lockdowns, according to the United Nations Conference on Trade and Development (UNCTAD). Although the global economy could expand by 4.7 per cent in 2021, it will nonetheless wind up “short of 10 trillion dollars” – about twice Japan’s gross domestic product (GDP) – compared to if the pandemic never happened, UNCTAD said on Thursday. Last year, the global economy was hit by what UNCTAD described as “its sharpest annual drop in output since statistics on aggregate economic activity were introduced in the early 1940s.” While wealthy economies have proposed huge damage-limitation fiscal spending, such as the United States’ 1.9-trillion-dollar “stimulus package,” and while China returned to growth in late 2020, people in smaller and poorer countries are struggling, UNCTAD warned.
DUBLIN — Pandemic restrictions have completely or partly closed two-thirds of destinations worldwide to international tourism, according to the World Tourism Organization (UNTWO), a United Nations agency. One year on from the World Health Organization labelling the novel coronavirus outbreak a pandemic, 69 out of 217 destinations remain “completely closed,” the UNTWO said on Monday in its latest Travel Restrictions Report. Around the same number of destinations are “partially closed,” the UNWTO calculated. Thirty-eight of the 69 completely-closed destinations have been that way for at least 40 weeks, the UNWTO said, noting “regional differences” in how curbs are applied.
DUBLIN — Ireland’s capital Dublin faces three weeks of tougher coronavirus-related restrictions than the rest the country, the government said on Friday, with indoor dining banned in restaurants and religious services prohibited. Announcing the measures, which take effect from midnight, Prime Minister (Taoiseach) Micheál Martin said they are needed as otherwise “Dublin could return to the worst stages of this crisis.” After conducting almost as many tests over the past two months as the preceding five, Ireland has since August seen a similar resurgence as elsewhere in Europe of new daily case numbers of the novel coronavirus. The Department of Health announced 253 new cases on Friday, almost half of them in Dublin, which is home to 1.4 million of the country’s 4.9 million people. Friday’s announcement means that Dublin follows cities such as Madrid and Reykjavik into tighter restrictions relative to elsewhere in their countries, with one of Europe’s longest pub shutdowns to be extended in the capital ahead of the rest of Ireland’s pubs reopening on Monday.