Global Trade

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March indicators confirm unprecedented pause in travel activity

Today’s release of travel volumes data provides an early look at one of the sectors that has been hardest-hit by COVID shutdowns. Canada closed the border in mid-March, so we only have half a month of data reflecting the new reality. But even that small period confirms that international travel has, for the moment, almost completely ceased.

Quick-Take—April 14, 2020

COVID-19 will drive a paradigm shift in consumer spending

Even before COVID-19, there was a clear divide in performance between physical retailers and e-commerce. Online sales were experiencing double-digit growth while sales at bricks and mortar stores were at a standstill. In the current environment, developing an online presence for physical retailers has moved from a need-to-do to a matter of survival

Blog—April 14, 2020

The U.S. economy expanded last year, and solid gains in the fourth quarter suggested that another year of modest growth close to the economy’s long-term potential was in store for 2020 as well. These projections changed dramatically once the COVID-19 pandemic hit the U.S. and world economies with a vengeance.