Brief economic corona news from September 8
FHI, Federation of Technology Industries – September 8, 2020
- Japan's economy shrank 28.1 percent in the second quarter, writes De Telegraaf. That is more than previously anticipated. Both consumer spending and wages fell, while companies hardly invested anymore.
- In the EU, the economic contraction in the second quarter came to 11.4 percent, a fraction lower than the 11.9 percent previously expected. Despite this adjustment, by Eurostat This is the strongest contraction in the European economy since EU figures have been kept.
- In 2019, the purchasing power of the Dutch population increased by 1.3 percent compared to 2018. Employees saw growth of 2.5 percent, the CBS has calculatedSelf-employed entrepreneurs recorded a purchasing power increase of 2.9 percent.
- The corona crisis has forced young people to change their future plans regarding work and study. That reports YoungCapital based on research. Young people are less likely to find a part-time job, which is why a third of this group have had to adjust their plans. Some have also suffered study delays.
- The events industry, which has been hit hard by the coronavirus, reports an average drop in turnover of 81 percent. A tour of Nieuwsuur it appears that almost all event locations are reorganizing or will soon do so.
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