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Quebec preparing plan to reopen economy, as COVID-19 infection rate stabilizes – CTV News Montreal

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MONTREAL —
Quebec Premier Francois Legault said Thursday health risks for younger people returning to work are limited considering almost all Quebecers who have died of COVID-19 are over the age of 60.

And if those younger workers – particularly in the province’s important construction sector – can keep away from their parents and grandparents, “then we can start to reopen,” Legault told reporters during his daily news conference.

But the premier was guarded about when that will be and which businesses outside the construction sector will be allowed to operate when the province-wide shutdown ordered in March is eased.

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What is becoming increasingly clear, Legault said, is that the COVID-19 infection rate in the province is expected to peak “in the next few days.” Government projections released Tuesday estimated the peak would arrive around April 18.

“We need to ensure that is true,” Legault said, “but the numbers are holding up. It’s been a few days now.”

Legault and the province’s director of public health, Horacio Arruda, say their number one priority is to control the spread of COVID-19 in order to reduce the number of deaths.

But in recent days, they both have begun talking about a need to balance economic growth with an acceptable rate of infection.

Figures released Thursday show Quebec had the largest unemployment rate increase in Canada in March, rising by 3.6 percentage points to 8.1 per cent. Legault said hundreds of thousands of Quebecers are in financial difficulty, and Arruda added that Quebecers cannot expect to eliminate all new infections.

“We will finish by accepting a certain level of transmission in society so that (the virus) burns itself out in time,” Arruda said. “We will always evaluate the balance of risks of reopening versus the potential pandemic context.”

He said his medical team will evaluate each sector of the economy, region by region, and make recommendations to the premier. Legault said he will focus on opening businesses “where people can keep a distance of two metres.”

Legault had shut down all businesses deemed “non-essential” in March and after initially considering a reopening in mid-April, extended the order until May 4.

The premier has recently suggested that key sectors, including construction, could open sooner. Construction alone employs hundreds of thousands of people and generates annual investments in the province of around $40 billion, according to the provincial agency that oversees the industry.

Yves-Thomas Dorval, president of Quebec’s main federation of employers, said Thursday he is happy with the optimistic tone shown by the premier. Dorval said his organization, the Conseil du patronat du Quebec, will have a concrete list of proposals for the government by the end of next week on how to reopen the provincial economy.

Dorval said the business community is concerned authorities want to restart the economy sector by sector, as opposed to taking a broader approach.

All businesses that are able to protect their workers and limit the spread of COVID-19 among their customers, he said, should be able to begin operating at the same time, to avoid the most disruption.

“The government wants to go by sector, by task, by job – we won’t get out that way,” he said in an interview. “I think we can move into a context of relaunch or reopening of the economy, with general principles on public health.”

Dorval says businesses that cannot always ensure workers and clients maintain a distance of two metres should still be able to open – under certain conditions. Those include equipping employees with protective gear, limiting contact with clients and ensuring all customers maintain adequate distance between themselves, he said.

Quebec reported 41 new deaths linked to COVID-19 Thursday, bringing the total to 216 in the province. Provincial health authorities said there are 10,912 confirmed cases of the virus, with 679 hospitalizations and 196 patients in intensive care.

Nearly half the deaths have come from long-term care facilities, but Legault stressed that not all such facilities have been seriously impacted by COVID-19. Most of the deaths are tied to six long-term care centres.

Ninety per cent of those who died were 70 years old or older and another nine per cent were aged between 60 and 69 years old, Legault said.

This report by The Canadian Press was first published April 9, 2020.

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China Wants Everyone to Trade In Their Old Cars, Fridges to Help Save Its Economy

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China’s world-beating electric vehicle industry, at the heart of growing trade tensions with the US and Europe, is set to receive a big boost from the government’s latest effort to accelerate growth.

That’s one takeaway from what Beijing has revealed about its plan for incentives that will encourage Chinese businesses and households to adopt cleaner technologies. It’s widely expected to be one of this year’s main stimulus programs, though question-marks remain — including how much the government will spend.

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German Business Outlook Hits One-Year High as Economy Heals

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German business sentiment improved to its highest level in a year — reinforcing recent signs that Europe’s largest economy is exiting two years of struggles.

An expectations gauge by the Ifo institute rose to 89.9. in April from a revised 87.7 the previous month. That exceeds the 88.9 median forecast in a Bloomberg survey. A measure of current conditions also advanced.

“Sentiment has improved at companies in Germany,” Ifo President Clemens Fuest said. “Companies were more satisfied with their current business. Their expectations also brightened. The economy is stabilizing, especially thanks to service providers.”

A stronger global economy and the prospect of looser monetary policy in the euro zone are helping drag Germany out of the malaise that set in following Russia’s attack on Ukraine. European Central Bank President Christine Lagarde said last week that the country may have “turned the corner,” while Chancellor Olaf Scholz has also expressed optimism, citing record employment and retreating inflation.

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There’s been a particular shift in the data in recent weeks, with the Bundesbank now estimating that output rose in the first quarter, having only a month ago foreseen a contraction that would have ushered in a first recession since the pandemic.

Even so, the start of the year “didn’t go great,” according to Fuest.

“What we’re seeing at the moment confirms the forecasts, which are saying that growth will be weak in Germany, but at least it won’t be negative,” he told Bloomberg Television. “So this is the stabilization we expected. It’s not a complete recovery. But at least it’s a start.”

Monthly purchasing managers’ surveys for April brought more cheer this week as Germany returned to expansion for the first time since June 2023. Weak spots remain, however — notably in industry, which is still mired in a slump that’s being offset by a surge in services activity.

“We see an improving worldwide economy,” Fuest said. “But this doesn’t seem to reach German manufacturing, which is puzzling in a way.”

Germany, which was the only Group of Seven economy to shrink last year and has been weighing on the wider region, helped private-sector output in the 20-nation euro area strengthen this month, S&P Global said.

–With assistance from Joel Rinneby, Kristian Siedenburg and Francine Lacqua.

(Updates with more comments from Fuest starting in sixth paragraph.)

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Parallel economy: How Russia is defying the West’s boycott

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When Moscow resident Zoya, 62, was planning a trip to Italy to visit her daughter last August, she saw the perfect opportunity to buy the Apple Watch she had long dreamed of owning.

Officially, Apple does not sell its products in Russia.

The California-based tech giant was one of the first companies to announce it would exit the country in response to Russian President Vladimir Putin’s full-scale invasion of Ukraine on February 24, 2022.

But the week before her trip, Zoya made a surprise discovery while browsing Yandex.Market, one of several Russian answers to Amazon, where she regularly shops.

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Not only was the Apple Watch available for sale on the website, it was cheaper than in Italy.

Zoya bought the watch without a moment’s delay.

The serial code on the watch that was delivered to her home confirmed that it was manufactured by Apple in 2022 and intended for sale in the United States.

“In the store, they explained to me that these are genuine Apple products entering Russia through parallel imports,” Zoya, who asked to be only referred to by her first name, told Al Jazeera.

“I thought it was much easier to buy online than searching for a store in an unfamiliar country.”

Nearly 1,400 companies, including many of the most internationally recognisable brands, have since February 2022 announced that they would cease or dial back their operations in Russia in protest of Moscow’s military aggression against Ukraine.

But two years after the invasion, many of these companies’ products are still widely sold in Russia, in many cases in violation of Western-led sanctions, a months-long investigation by Al Jazeera has found.

Aided by the Russian government’s legalisation of parallel imports, Russian businesses have established a network of alternative supply chains to import restricted goods through third countries.

The companies that make the products have been either unwilling or unable to clamp down on these unofficial distribution networks.

 

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