United States:
Millions of Americans Expect to Lose Their Homes as Covid Rages
“Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S. About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov. 9 by the U.S. Census Bureau. That accounts for a third of the 17.8 million adults in households that are behind on rent or mortgage payments.”
Europe:
The Low-Debt Era for Eastern Europe May Be Ending on Covid and 2008 Fallout
“There’s a shift taking place in the low-debt economies that joined the European Union after the collapse of the Berlin Wall. An aversion to borrowing that once characterized much of the bloc’s ex-communist contingent is being jettisoned following the 2008 global crash and the Covid-19 pandemic in little over a decade. Much of the region, which has led the continent’s economic growth for years and counts five euro-area members among its ranks, is now set to endure higher indebtedness for some time.”
Asia:
China’s Record Farm-Goods Spree May Still Miss Pledge to U.S.
“China is projected to once again to become the top U.S. agricultural export market this fiscal year — but it could still fall short of meeting its lofty trade commitments to the Trump administration. The Asian nation is expected to buy a record $27 billion worth of farm-related goods from the U.S. in the 12 months ending Sept. 30, the Department of Agriculture said in a report Monday. That’s $8.5 billion more than the agency projected in August, and would make China the biggest American agricultural market for the first time since fiscal 2017, before the trade war.”
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