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- ECONOMIC IMPACT -
Latest update: 18 November
After weeks of gradual decline, GDP estimates for many countries have levelled off.
Polls show that employment prospects have consistently improved since July.
The Japanese economy grew by 5% (QoQ) in Q3 2020, with improvement in domestic demand and exports.
The Malaysian economy contracted at a slower pace of 2.7% (YoY) in Q3 2020, as compared to 17.1% in Q2.
Impact of Covid-19 on employment outlook
- SECTOR IMPACT: POWER -
Latest update: 2 December
a force for good
Rockfeller Foundation, a philanthropic organization, has launched a $1bn Covid-19 recovery fund aimed at increasing investments in gridscale renewables.
DTE Energy has pledged $13m to support customers struggling during the Covid-19 pandemic.
During the period January-September 2020, generation in Europe was 5.4% lower than the same period in 2019. Renewable generation bucked the trend by growing 9.8%.
Between January–July 2020, US generation was 3.2% lower than the same period in 2019. Renewable and gas both grew in this period.
Electricity generated from renewables will make up more than half of Germany’s power mix this year.
key power market developments