Coronavirus deals severe blow to services sectors

The pandemic has massively disrupted key services sectors, especially tourism, hospitality and retail. This contrasts with the resilience witnessed during the great recession and the eurozone sovereign debt crisis, particularly in comparison to trade in goods. The strict measures deployed to combat the pandemic have nearly destroyed personal service sectors such as tourism, hospitality and transport. Millions of economically vulnerable people in developing countries are reeling under the crushing weight of the measures, as these sectors absorb a large share of low-wage, low-skilled and part-time workers, many of whom are women.

Coke-Hamilton warned. Restrictions on flights and on ships entering ports, have also affected remittances, a lifeline for millions in developing countries. Countries such as the Philippines, which relies heavily on remittances from its diaspora working in the personal services sector, along with 7 million tourists annually, may be particularly hard hit.

Coke-Hamilton said. Coke-Hamilton underscored. She said health policies should be devised and applied in tandem with macroeconomic, trade and finance policies in a holistic approach. This is critical in the services sector, which relies on a coherent mix of policies and regulations between the sector and those in trade, investment, competition, industrial, social and other areas.

Such support may include providing them with secure access to financial services for sending remittances or giving them short-term loans. Looking ahead, as developing countries continue to nurture exports of personal services as an important source of income, they need to fast-track and upgrade skills in knowledge-intensive ones such as those powered by ICT.

Coke-Hamilton concluded. Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights. Sign in. Log into your account.

Privacy Policy. Password recovery. Brand Spur. Brand News. Unilever Nigeria Records Heineken announces its response to Covid and donates to the Red…. Growing Your Food Is….These are external links and will open in a new window. President Donald Trump has defended tweets in which he appeared to endorse protests against stringent lockdown measures in several US states. At his Friday briefing, he said some measures imposed by Minnesota, Michigan and Virginia had been "too tough".

But protesters say they are hurting citizens by limiting movement unreasonably and stifling economic activity. The three states the Republican president referred to in Friday's tweets are all led by Democratic governors. His comments came shortly after the US saw its highest daily death toll from coronavirus, recording 4, deaths in 24 hours on Thursday. That rise could be because Johns Hopkins University, which records the data, began to include deaths with a Covid probable cause.

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The US has the highest number of cases and deaths worldwide, with nearlyconfirmed infections and more than 36, deaths. More demonstrations against the lockdown measures are planned, including in Wisconsin, Oregon, Maryland, Idaho and Texas. The protests have varied in size, ranging from a few dozen people in Virginia to thousands in Michigan. Minnesota Governor Tim Walz responded to the president's tweets, saying he called the White House to ask "what they think we could have done differently" but did not hear back.

The president's apparent support for the protests comes a day after his administration unveiled new guidance for re-opening state economies. That guidance recommends three phases of slowly re-opening businesses and social life, with each phase lasting a minimum of 14 days. It includes some recommendations across all three phases including good personal hygiene and employers developing policies to ensure social distancing, testing and contact tracing.

Dr Anthony Fauci, from the White House coronavirus taskforce, cautioned that even as restrictions were eased "it's not game over". On Friday morning Donald Trump fired off a series of tweets calling for the "liberation" of three states with Democratic governors, as though they were enemy-controlled territory. The governor of one, Michigan's Gretchen Whitmer, recently was the target of a mass protest at the state capital against her sweeping lockdown orders.

A mixed crowd of conservatives, white nationalists and anti-government militias waved Confederate and pro-Trump flags, and signs accusing Whitmer of dictatorial overreach. Another of the states, Virginia, had its own capital protests earlier in the year from gun-rights activists. The president's social media fusillade suggests his goal is to reward - or encourage - such shows of force from his political base, as opinion polls indicate Trump's approval rating is sagging after a boost during the early weeks of the outbreak.

Trump followed those incendiary tweets by criticising New York's Andrew Cuomo, another Democrat, for mishandling the pandemic and spending too much time "complaining".

Just a day after Trump reportedly told governors in a conference call they would "call the shots" on when to begin easing restrictions, it appears the president wants to up the pressure - and the political risk - for Democrats by other means at his disposal.

Trump has benefitted in the past from a finely tuned sense of the sentiments - and resentments - of his supporters.UNCTAD is monitoring the effects of the global pandemic on manufacturing, trade, foreign direct investment and economic growth.

We stand ready to provide technical assistance that can help countries mitigate or recover from the economic impacts of COVID From our work on the ground, we have gathered best practices, standard operating procedures, manuals and other resources that countries can use to limit the economic damage from the coronavirus and keep essential services running.

Coronavirus: President Trump defends tweets against US states' lockdowns

UNCTAD stands ready to provide a range of technical cooperation products that can help countries put in place the policies, regulations and institutional frameworks as well as mobilize the resources needed to mitigate or recover from the impacts of COVID Requests for technical assistance can be sent to tc unctad. Toggle navigation. Home Coronavirus. Analysis and Resources.

Africa needs a Marshall plan to ride out Covid crisis; prepare for uncertain times. Written by Dr. COVID and food security in vulnerable countries. Coronavirus deals severe blow to services sectors. Personal services sectors such as tourism, hospitality and retail at a standstill due to drastic measures taken in the fight against COVID Submit proven, affordable and scalable solutions that can accelerate progress towards providing basic health functions, especially for vulnerable people.

Media Contact. Connect with us. Please wait Africa needs a Marshall plan to ride out Covid crisis; prepare for uncertain times 16 April Written by Dr. UN call for technology solutions for tackling COVID and its impacts 09 April Submit proven, affordable and scalable solutions that can accelerate progress towards providing basic health functions, especially for vulnerable people.Personal services sectors such as tourism, hospitality and retail at a standstill due to drastic measures taken in the fight against COVID The pandemic has massively disrupted key services sectors, especially tourism, hospitality and retail.

This contrasts with the resilience witnessed during the great recession and the eurozone sovereign debt crisis, particularly in comparison to trade in goods. Personal services sector nearly destroyed The strict measures deployed to combat the pandemic have nearly destroyed personal service sectors such as tourism, hospitality and transport. Millions of economically vulnerable people in developing countries are reeling under the crushing weight of the measures, as these sectors absorb a large share of low-wage, low-skilled and part-time workers, many of whom are women.

Coke-Hamilton warned. Restrictions on flights and on ships entering ports, have also affected remittances, a lifeline for millions in developing countries. Countries such as the Philippines, which relies heavily on remittances from its diaspora working in the personal services sector, along with 7 million tourists annually, may be particularly hard hit.

They include services enabling teleworking, video streaming, gaming and e-commerce platforms. Policy coordination needed at all levels To address the economic fallout from COVID, thematic policy coordination is needed nationally and globally, Coke-Hamilton underscored. She said health policies should be devised and applied in tandem with macroeconomic, trade and finance policies in a holistic approach.

This is critical in the services sector, which relies on a coherent mix of policies and regulations between the sector and those in trade, investment, competition, industrial, social and other areas. Coke-Hamilton said. Governments should cast their nets wider to support the million migrant workers worldwide, many of whom are women, working in personal services sectors, she added.

Such support may include providing them with secure access to financial services for sending remittances or giving them short-term loans. Looking ahead, as developing countries continue to nurture exports of personal services as an important source of income, they need to fast-track and upgrade skills in knowledge-intensive ones suach as those powered by ICT.

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Coronavirus (COVID-19) : News, Analysis and Resources

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coronavirus deals severe blow to services sectors

Home Local News Coronavirus deals severe blow to services sectors. Local News. Century Mall donates 26 million birr for coronavirus fight. Ethio-telecom has announced plans to improve its services beginning from tomorrow, April 16, Please enter your comment! Please enter your name here. You have entered an incorrect email address!

Merry Christmas January 6, African, Chinese experts discuss clean energy development and power interconnection in May 29, Ethiopia Bunna cuts three; Woldya short handed February 13, Load more. Capital is not responsible for the content of external sites. Violence puts free election in doubt advocates say October 21, Trade Bureau to sell discounted teff June 17, Thai tour operators are weathering the storm after China imposed travel restrictions on group tours until late next month in a move to control the spread of the novel coronavirus, which the World Health Organisation has declared a global emergency.

China sealed off Hubei's capital Wuhan to stem the epidemic, which is believed to have originated from a local market selling bushmeat, and has extended the measure to other cities nearby. Though independent travellers are allowed to leave, many have cancelled their plans to reduce the risk of contracting or spreading the deadly virus, which is contagious during the incubation period. Thailand, meanwhile, has suspended flights from Wuhan and other high-risk cities.

A commercial flight will leave on Tuesday to bring Thai expats back from Wuhan, Public Health Minister Anutin Charnvirakul said, adding he will also call on the government to consider scrapping visa-on-arrival for Chinese tourists. Meanwhile, Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, estimates the outbreak will cost the country At the moment, there are still tourists from Europe and Scandinavia," he told the Bangkok Post.

Mr Lertsak, who also manages a local tour company, said he has urged the government to step up screening measures at airports. For instance, my company is checking customers' body temperature and handing out surgical face masks at the pier. I think we can work on boosting tourism once the outbreak is brought under control," he said. With the outbreak fuelling anti-Chinese sentiment in many countries, such as South Korea, Japan and Denmark, Mr Lertsak offered moral support, saying precautionary measures can be taken without discriminating against an entire population.

More than tour buses are on layby. I want the government to help because there is no income," he said. Meanwhile, the owner of a cosmetic store at Bangkok's Bazaar Hotel Ratchadaphisek spoke to the Bangkok Post about a sharp drop in Chinese customers. This may extend to three months if this continues," she said. She also deplored the government's lack of speedy action in addressing the problem, an issue that has given rise to a public backlash on social media.

The room hotel usually accommodates Chinese nationals on group tours, as well as some Taiwanese and Indian travellers. Vendors at the Ratchaprasong intersection have also been hit hard, as the iconic Erawan and Trimurti shrines have seen a sharp decline in Chinese tourists.

Coronavirus Deals Severe Blow To Services Sectors

I think they should step up screening measures at airports rather than impose travel restrictions, otherwise our already stagnant economy will worsen," she said. Ple Sinsoontornsap, another florist, said the impact of the outbreak has dampened the mood at the shrine -- which is usually a hive of activity during the Lunar New Year period.

It is worrying, but I can't do anything but accept it," she said, as she called on the government to start handing out protective gear because stores are running short of them.

coronavirus deals severe blow to services sectors

I think the authorities should look into this matter," she said. Other cities that rely on tourism, such as Chiang Mai, Chiang Rai, Phuket and even Pattaya, are also bearing a heavy load as the lack of Chinese travellers is painting a dull picture. Hoteliers in Chiang Mai and Pattaya are losing badly due to cancellations, while 2, tourist guides in the North are watching to see what happens next. If the deadly respiratory virus cannot be tamed or eradicated by March, the tourism industry, which depends largely on Chinese arrivals, will remain bearish in the second quarter, Laiat Bunsithong, chairwoman of the Thai Hotels Association's northern chapter, said.The pandemic has massively disrupted key services sectors, especially tourism, hospitality and retail.

This contrasts with the resilience witnessed during the great recession and the eurozone sovereign debt crisis, particularly in comparison to trade in goods. The strict measures deployed to combat the pandemic have nearly destroyed personal service sectors such as tourism, hospitality and transport.

Millions of economically vulnerable people in developing countries are reeling under the crushing weight of the measures, as these sectors absorb a large share of low-wage, low-skilled and part-time workers, many of whom are women. Coke-Hamilton warned. Restrictions on flights and on ships entering ports, have also affected remittances, a lifeline for millions in developing countries.

Countries such as the Philippines, which relies heavily on remittances from its diaspora working in the personal services sector, along with 7 million tourists annually, may be particularly hard hit. Coke-Hamilton said. Coke-Hamilton underscored.

She said health policies should be devised and applied in tandem with macroeconomic, trade and finance policies in a holistic approach. This is critical in the services sector, which relies on a coherent mix of policies and regulations between the sector and those in trade, investment, competition, industrial, social and other areas. Governments should cast their nets wider to support the million migrant workers worldwidemany of whom are women, working in personal services sectors, she added.

Such support may include providing them with secure access to financial services for sending remittances or giving them short-term loans. Looking ahead, as developing countries continue to nurture exports of personal services as an important source of income, they need to fast-track and upgrade skills in knowledge-intensive ones such as those powered by ICT. Coke-Hamilton concluded.

Toggle navigation. Home Public Information All News. Page Content. Coronavirus deals severe blow to services sectors. Personal services sectors such as tourism, hospitality and retail at a standstill due to drastic measures taken in the fight against COVID Related link:. UNCTAD calculation Personal services sector nearly destroyed The strict measures deployed to combat the pandemic have nearly destroyed personal service sectors such as tourism, hospitality and transport.

They include services enabling teleworking, video streaming, gaming and e-commerce platforms. Policy coordination needed at all levels To address the economic fallout from COVID, thematic policy coordination is needed nationally and globally, Ms.

To use this Web Part, you must use a browser that supports this element, such as Internet Explorer 7. Connect with us. Please wait Coronavirus deals severe blow to services sectors 14 April Personal services sectors such as tourism, hospitality and retail at a standstill due to drastic measures taken in the fight against COVIDKeep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust.

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coronavirus deals severe blow to services sectors

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