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Post Covid Recovery

All articles tagged with #post covid recovery

economic-recovery2 years ago•3 min saved

Long Island City: NYC's Post-COVID Comeback Leader

Long Island City in Queens, New York, is leading the post-COVID economic recovery of New York City, challenging the notion that Manhattan's business districts are the sole indicators of the city's strength. While foot traffic in Manhattan remains down, Long Island City has seen a 5% increase in foot traffic and a 35% jump in retail spending. The neighborhood's mixed-use zoning and ample vacant land have attracted residential and commercial development, with thousands of new residential units, retail spaces, and hotels under construction. Other emerging employment hubs in the outerboroughs were also identified in a recent report.

via New York Post |

#economic-growth #economic-recovery #long-island-city

economy2 years ago•1 min saved

China's Deflation Returns as Consumer Prices Decline, Raising Concerns for Fragile Economic Recovery

China's consumer prices fell by 0.2% in October, indicating an ongoing deflationary environment and sluggish domestic demand. Producer prices also declined, remaining in negative territory for the 13th consecutive month. The country's property sector, which makes up about 30% of its economy, is facing an ongoing debt crisis, further impacting consumer confidence. Despite targeted policy support, growth has remained sluggish. Investors are now closely monitoring the Singles Day shopping festival to assess the strength of Chinese consumption, although expectations for this year's event are muted.

via CNBC|

#china #consumer-prices #deflation

business2 years ago•4 min saved

"Resurgence of American Shopping Malls: Promising Signs Revealed in Report"

Shopping malls in the United States are experiencing a resurgence post-COVID, with more stores opening than closing for the first time since 2016, and mall sales growing over 11% in 2022 to nearly $819 billion, according to a report from Coresight Research. Mall occupancy has increased to 95.1%, and traffic at top-tier malls is up 12% compared to pre-pandemic levels. Malls are adapting to changing consumer needs by incorporating mixed-use spaces and creating a sense of community. The report suggests that the "death of the mall" narrative is exaggerated, and there is significant opportunity for malls to thrive in the future.

via USA TODAY|

#adaptation #business #consumer-behavior

business2 years ago•1 min saved

China's Economic Recovery Stalls, Raising Concerns for Global Markets

China's post-Covid recovery is losing steam as economic indicators for April, including retail sales, factory production, and fixed-asset investment, fell short of economists' expectations. Investment in the country's property sector also dropped in the first four months of the year, while the youth unemployment rate hit a record high. This signals trouble for a recovery that was expected to boost global growth.

via The Wall Street Journal|

#business #china #economic-indicators