Restrictions on international travel remain in force. Inflation in the US will remain above 5% until the end of the year. Economic momentum is already slowing down again in Europe.
Chart of the month
![Economics_Chart_0821_EN](/content/internet/slamde/en/home/company/publications-hub/2021/perspectives/economics-august/_jcr_content/parsys/gridctrl_947348449_c_1236415809/parsys_grid_ctrl/textimage_1958663593/image.1671030594688.transform/16_9_3840w/Economics_Chart_0821_EN.jpg)
In the second year of the pandemic, many people in Switzerland are keen to spend their summer holidays abroad. Figures for Zurich Airport show a 60% increase in departures for the second half of July compared with the previous year. While other parts of the economy have already returned to pre-crisis levels, this is in no way the case yet for Europe’s passenger transport sector. A comparison of the current figures with those since 2011 shows that flight movements from Zurich are still more than a third lower than in the weakest year before the outbreak of COVID-19.