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...For those affected, shelter – however temporary – is an essential starting point for recovery, offering privacy, dignity, safety and community....
...With more uncertainty and less recovery possible, creditors would charge riskier countries far higher premiums on debt....
...In short, the kind of recovery we have is the recovery we choose. Ed, do you see the picture differently? Would you have chosen yet another type of recovery, from a policy standpoint?...
...Still, there are signs that relief for homebuyers may come sooner....
...Sunak and chancellor Jeremy Hunt believe voters are starting to see evidence of a recovery, with real wages rising and unemployment rates below 4 per cent....
...The IMF has said China’s stimulus efforts, which include fiscal investment in disaster relief, will improve its outlook this year, and on Tuesday the multilateral lender raised its projection for 2024 growth...
...The disaster could mean an operating loss of about ¥15bn ($105mn), according to JAL estimates....
...But while the move could incentivise new buyers, it will offer no imminent relief to existing homeowners, whose mortgages are repriced annually in January, they added....
...According to Xinhua, the People’s Liberation Army and police have been called on to support local officials in emergency rescue and disaster relief....
...Neighbouring Egypt has also said it will send soldiers and helicopters to help with recovery work....
...Haftar’s forces, which control the ports and roads in the east, will now have a crucial role in the recovery efforts....
...At the same time, investments funded by Italy’s €191.5bn EU-funded Covid recovery scheme has progressed far more slowly than expected. “It was the perfect storm,” Donati said....
...Beijing has announced a Rmb1tn ($137bn) bond to fund local government disaster relief and flood controls, but this is seen as aimed at supporting growth next year....
...fund days after the disaster....
...“The broader programme of [a] full technical rebuild and recovery from the attack will take time” says Keating....
A strong recovery from Covid has been tempered by inflation and natural disasters
...One Tory strategist admitted that an economic recovery “cuts both ways”....
...Advocates for what is being called “disaster justice” are campaigning for significant reforms at the recovery institutions, saying that their programmes work too slowly, are too complex and disproportionately...
...The Italian economy grew 1.3 percentage points more in 2021 than originally estimated, the country’s statistics agency announced on Friday, providing welcome relief to Prime Minister Giorgia Meloni’s government...
...But as soon as Gensler’s out of there, they will breathe a sigh of relief because a lot of them don’t believe in any of this bull(expletive). We need a good head of Trading and Markets. . . ....
...Currently, we know that only about 4 per cent of all official development assistance related to disasters goes into prevention; the rest goes into response and recovery....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...“If they push the fiscal deficit up, it suggests that they don’t really believe in the recovery fund,” he said....
...“Clearly these prices suggest the market holds very little hope in the recovery prospects for offshore bondholders,” analysts noted....
...“Companies are still in recovery,” Essex said, adding that audience numbers outside London’s West End were mostly lower than pre-pandemic levels, and that the surge in energy costs was a particular problem...
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