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Denmark becomes the first country to drop the Johnson & Johnson vaccine over blood clot concerns. Hong Kong returns to growth after six consecutive quarters of economic contraction. US President Biden raises refugee cap after public backlash. Analysis: Road to Recovery: Labor Shortages in the Service Industry.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Road to Recovery: Labor Shortages in the Service Industry

As vaccinations rates continue to rise and summer approaches, optimism is generally running high around economic recovery in the United States. Restrictions on businesses are being phased out, and pent-up demand is boosting hard-hit sectors like travel and hospitality. Across the country, the hospitality sector has struggled to find staff over the past month, compounding the troubles of numerous businesses that hope to recoup steep pandemic-era losses.

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