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Business

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Men'sWeek issue 12/27/2012

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Coronavirus downtown L.A.

Steep Global Recession Seen in COVID-19’s Wake

12h • Evan Clark

Social Studies

@wwd

A steep global recession is predicted in COVID-19’s wake. The projections of the coronavirus damage to the global economy have moved rapidly from bad to worse. ⁣ ⁣ Forecasting firm IHS Markit said the fallout is on track to be much more severe than the recession following the 2008 financial crisis.⁣ ⁣ Just weeks ago, IHS predicted the global economy would manage to grow by 0.7 percent this year — indicating just how swiftly the outlook has changed as more businesses shutdown and workers go home as commerce grinds to a halt. ⁣ ⁣ Tap the link in bio for more. ⁣ ⁣ Report: Evan Clark⁣ 📸: @shutterstocknow ⁣ ⁣ —⁣ #wwdbusiness⁣ #coronavirus⁣ #covid_19 ⁣ #economy ⁣ #finance
@wwd

In honor of #NationalDoctorDay, WWD would like to thank all of the doctors who are selflessly putting their lives at risk to fight the coronavirus pandemic. ⁣ ⁣ Our thoughts are with them and all healthcare workers around the globe. 💙
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Prince Harry and Meghan Markle are saying goodbye to their @SussexRoyal Instagram account.⁣⁣ ⁣⁣ The Duke and Duchess of Sussex posted what appears to be their last Instagram post on Monday, which is a message thanking their community for “the support, the inspiration and the shared commitment to the good in the world.” The post comes just one day before the couple officially steps down from their royal duties.⁣⁣ ⁣⁣ The post’s lengthy caption offers insight into how the royal couple will navigate their new lives away from the royal family.⁣⁣ ⁣⁣ Tap the link in bio for more. ⁣⁣ ⁣⁣ Report: @laylailchi⁣ ⁣ —⁣ #wwdeye⁣ #sussexroyal ⁣ #princeharry ⁣ #meghanmarkle
@wwd

Where does fashion stand in the COVID-19 crisis?⁣ ⁣ It has been 67 days since the coronavirus first restricted travel in Wuhan.Thirty-six since Giorgio Armani closed Milan Fashion Week with a behind-closed-doors runway show.Two weeks since the Saks Fifth Avenue flagship in New York went dark to slow the spread of COVID-19.⁣ ⁣ And it all seems like a lifetime ago.⁣ ⁣ The pandemic has become all-inclusive — closing stores and countries, keeping consumers in, threatening to force companies into bankruptcy, putting an unprecedented three million-plus people on the U.S. unemployment rolls in a single week and so much more.⁣ ⁣ There is hope for the future as well as signs of more trouble ahead. Tap the link in bio for a breakdown of the impact of COVID-19 on the fashion industry.
@wwd

The new dates for the Tokyo @Olympics have been revealed.⁣⁣ ⁣⁣ The International Olympic Committee revealed on Monday that the 2020 Summer Olympics in Tokyo will now be held from July 23 to Aug. 8, 2021. The Paralympic Games will follow on Aug. 24 to Sept. 5, 2021.⁣⁣ ⁣⁣ “These new dates give the health authorities and all involved in the organization of the Games the maximum time to deal with the constantly changing landscape and the disruption caused by the COVID-19 pandemic,” the IOC said in a statement. ⁣⁣ ⁣⁣ Tap the link in bio for more. ⁣⁣ ⁣⁣ Report: @laylailchi⁣ 📸: @shutterstocknow ⁣ —⁣ #wwdeye⁣ #olympics⁣ #tokyoolympics

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