In the months (and years) following the terrorist attacks of September 11, 2001, airline travel was fundamentally altered. Despite a host of new measures to increase safety, not until April 2004 did airlines see passenger loads reach pre-9/11 levels. The COVID-19 pandemic is having an even more dramatic impact on plane travel,...
Cypriot authorities have managed to contain the COVID-19 pandemic to a significant degree, with the implementation of strict public health measures. In recent weeks, the number of cases has remained at single digits, which raises the optimism that a new outbreak of the pandemic will not happen. Although no one admits...
Detailed national accounts data showed that the economy contracted at a record pace in Q2, as pandemic-related restrictions pummeled household consumption, capital spending and exports. Available data for Q3 suggests that economic momentum remains fragile. Merchandise exports dropped notably in July on plunging dispatches to the EU, while tourist arrivals...
