The FINANCIAL — The International Air Transport Association (IATA) downgraded its traffic forecast for the Middle East for 2020 to reflect a weaker-than-expected recovery. Full-year 2020 passenger numbers in the Middle East (to/from/within) are forecast to reach only 30% of 2019 levels, down
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European businesses forecast very challenging 2021 in major new survey
The FINANCIAL — The 28th annual edition of the EUROCHAMBRES Economic Survey (EES2021) reveals the scale of the impact of COVID-19 on businesses across Europe, which predict a very difficult year ahead. The findings reinforce chambers’ call for swift measures to support financial liquidity and strengthen market access, also underlining the need for a business-friendly approach to the EU’s long-term policy agenda. Published today, EES2021 provides a snapshot of the European business community’s expectations for next year based on responses from over 58.000 businesses in 29 countries. The results show decreases across all indicators – domestic sales, exports, employment, investment and overall business confidence.
