Luxury market during coronavirus

Demand for luxury products drastically reduced because of Covid-19, countries lockdown and global economic slowdown. In 2019 China accounted for 90% of worldwide growth in luxury goods and for 35% of personal luxury goods purchase worldwide. After pandemic reached Italy and France luxury companies faced additional operational problems because of supply shortage and countries lockdown. […]

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Chinese economy during coronavirus

The damage to Chinese economy from coronavirus predicted to be greater than 2008 global financial crisis. Chinese industrial production plunged by 13.5%,fixed asset investment plunged by 24.5% and retail sales plunged 20.5%. The biggest loses expected in labor intensive sectors and long supply chains. In China low demand for restaurant services and low demand for […]

Oversupply of jet fuel

According to Bloomberg report only 20% (about 50 million barrels) of land storage for jet fuel is available. This is a result of grounded planes in many countries because of coronavirus pandemic. A few main oil production countries created demand and supply disbalance. Demand and supply of jet fuel used to be balanced until flights […]

Recession 2020 and future economic recovery

Economic slowdown resulted in start of recession in 1/3 of economics. Recession works like domino effect, just one trigger is enough for global slowdown. Institute of International Finance (US) downgraded 2020 global growth to 0.4% because major economics entered recession zone. 0.4% growth is the lowest since 2008. Economic predictions changing every week because of […]

Priorities of life

We life in fast paced life and sometimes forget what’s important truly for us. For everyone priorities look different but most of the time include 6 main spheres of humans life: Profession then generate income and hobby for soul. Family. Health. Social life. Self development. Interesting and fulfilling life. This list looks quite simple but […]

World economy infected by corona virus

Worldwide economic activity disrupted by fear of COVID-19 that potentially could disrupt the global economic cycle. In research done by Morgan Stanley predicted three most likely outcomes from the corona virus pandemic: Scenario №1. COVID-19 containment by the end of March. This is most unlikable scenario because of outbreak in Italy, France, Germany, UK. Quarantine […]

Number 1 rule in life

It’s so hard to change yourself and do not worry what other think about you. Since childhood we are depending on other’s opinion. And in result we learn to suppress own opinion and action because it may make someone unhappy. In my believe that the best rule in life should sound “F*ck what they think”. […]

How to stop waiting for right moment

What do you know about the concept of “waiting for the right moment”? I think you got many advices like this. You make right moment by your action and you should not schedule your life achievements for later (later moment may not come). There’s a few simple ways how to get things done fast: If […]

Epidemic vs endemic vs outbreak vs pandemic

Here’s short explanation of widely used terms while corona virus pandemic: Epidemic Endemic Outbreak Pandemic. Epidemic term is used to describe any infectious disease that has grown out of control. But it’s mostly concentrated in some region or country. Main example is seasonal flu. It could be flu epidemic in one region and in another […]