Tag: recover

Coronavirus: Scottish economy ‘may not fully recover until 2023’

Image copyright PA Media Scotland’s economy may not return to pre-pandemic levels until the start of 2023, the government’s chief economist has warned. Official figures show that, in the first half of May, almost a fifth of businesses were temporarily closed. That contributed to more than 750,000 workers being furloughed “or unable to work as normal”. The monthly economic brief… Read more →

Coronavirus: Welsh aerospace sector ‘may never recover’

Image copyright AFP Image caption Wales’ single largest aerospace employer Airbus has furloughed half its Welsh workforce Up to 8,000 jobs could go in the aerospace sector in Wales following the coronavirus pandemic, MPs have heard. John Whalley, from Aerospace Wales, the body representing the industry, warned the sector “may never recover to the levels we had”. His comments came… Read more →