Ryanair, Bill Lewis, New Jersey discussed on Morning Edition


How much will economic activity rebound this year Amid vaccinations and pent up demand now released, the National Association for Business Economics or in A B, is out with its quarterly survey of professional economists, many of whom are raising their forecasts. The mid range prediction is for gross domestic product to grow 6.7% this year now, while GDP is not a proxy for well being, it does have implications for people getting back to work marketplaces. Mitchell Hartmann has more The forecast by N. A. B e economists is for employment to recover to pre pandemic levels by early next year. A recent rise in inflation of 8/10 of a percent last month has some consumers worried. Perception that individuals have about inflation is often driven by something expensive that they're looking at at the moment. University of Arkansas economist Mervyn Jabba. Raj says prices have shot up for a few items. Gasoline lumber used cars because of supply chain disruptions caused by the pandemic. But these are all temporary issues that we fully expect to get resolved. The most serious economic risk is the pandemic itself, says Holly Wade of the National Federation of Independent Business. The different strands of covered whether the vaccination is still works as we expected to do, but also the vaccination rate. She says major setbacks in overcoming the virus could slow the economic recovery. I Metro Hartman for Marketplace. Tomorrow. Urban Outfitters and Nordstrom report results for the first three months of this year. We already know that sales blossomed at Macy's Ross T. J. Maxx, but that's up from a very low pandemic base. Marketplaces handy. Euler says the numbers this week could give us some interesting new hints about the future of department stores and shopping malls in general. A few weeks ago, Bob Fibs found himself for the mall in New Jersey. And you would think it was the day before Christmas. There were so many packages and people no fibs is not just a shopper. He runs a website called the Retail Doctor, he says it's clear that people are ready to get out and shop and the ready to shop in malls. And this idea that all moles are dead, and no one would go to physical shopping and online's gonna do 50% in one year. It just didn't pan out. It didn't even pan out in the pandemic. Consumer habits have shifted, and Bill Lewis of the consulting firm Alex Partner, says the pandemic certainly exacerbated some of those shifts and retailers recognize it. So they're still making digital important part and a growing part of their business. But at the same time, they're prepared to integrate the physical and digital even more than they did in the past. He says covered might have actually had a positive effect on retailers, forcing them to gain a better understanding of what customers want and how they want to get it. I mean, the Euler for marketplace. The S and P future is up half a percent. Now the average cost of gasoline went up eight cents a gallon last week. 3 10 a gallon is more than a dollar higher than a year ago. San Francisco area for 23 a gallon 2 53 in Houston. Ryanair has now released a statement condemning the actions of Belarus authorities who dispatched a military fighter jet over the weekend to force a commercial airliner and flight to divert to another airport. Ryanair calls it an act of quote aviation piracy. Aboard the flight was a journalist. Belarus authorities don't like you. Authorities are among world powers considering sanctions marketplace Morning report podcast feed If you miss our further coverage on the air Marketplace.

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