The overall contribution to global gross value added (GVA) of the sector fell by around 21% between 2019-20. However, the impact of the pandemic has been uneven.
Category: COVID-19
Is culture really good for you? Impacts on well-being
The Covid-19 pandemic created a new normal of consuming culture from the couch. Policy makers must take advantage of the great re-opening to expand participation and create equitable access to culture. Where do they start to improve well-being?
Has COVID-19 Triggered an Urban Exodus?
Remote working could help rejuvenate rural areas that have been struggling with both population decline and subdued economic growth. Improving internet access and service provision will be beneficial and help close the gap between them and leading regions…
Covid-19 and commercial real estate: the threat to city finances
Mass adoption of remote working has reduced the value of living close to city centers along with demand for office space. A sharp adjustment in property prices is likely, presenting cities with significant fiscal risks. In response, mayors will need to rethink the role of city centers and actively work to shore up revenues.
New faces in new places? The new geography of work
Teleworking transformed the world of work for many over the last two years. Many commentators have speculated that it will change our geography too – as people leave cities for greener environments and more affordable housing.
Lightening the load: How to understand and reduce SMEs debt burden
COVID-19 has triggered an economic shock like no other in living memory. Social distancing and trading restrictions hit small businesses particularly hard, with many seeing
Social economy: Forging a new path in the recovery for people and the planet
This month the global death toll from the pandemic passed 5 million. With global confirmed cases rising again, the social and economic wounds inflicted by Covid-19 are deepening day by day. It is time for an innovative approach.
Can office conversion help solve the housing crisis in cities?
The rise of remote working during the COVID-19 crisis significantly reduced activity in cities’ business districts, renewing policy makers’ interest in turning underused office buildings into much needed residential housing in cities. This creates a unique window of opportunity to shape more sustainable and inclusive urban development.