THE ECONOMY AND THE PANDEMIC - 24 AUGUST – 6 SEPTEMBER 2020

THE ECONOMY A ND THE PANDEMIC 24 AUGUST – 6 SEPTEMBER 2020 KEY FINDINGS On the pandemic • The number of new diagnoses of COVID-19, which started to decline rapidly in mid-July, levelled out at an average of just over 2 000 a day in the week to 6 September. [...] THE TIPS TRACKER: THE ECONOMY AND THE PANDEMIC IS PUBLISHED EVERY TWO WEEKS TRENDS IN THE PANDEMIC Since the move to Level 2, the number of COVID-19 diagnoses has stabilised at around 2 000 a day. [...] TRENDS IN THE ECONOMY Overall developments The economy appears to have enjoyed a fairly substantial boost with the move to Level 2 in the middle of August. [...] Evaluating the implications of the decline in tourism is complicated by the lack of a common definition for the industry, which is not a standalone activity in the Standard Industrial Classification used to consolidate economic statistics. [...] The hard truth is that recovery in tourism and the related services will be far slower than in the rest of the economy, and require profound changes in many of the associated services.