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The baby bust: Evidence from Europe suggests people didn't make as many babies last year

The baby bust: Evidence from Europe suggests people didn't make as many babies last year

A year ago many predicted a baby boom. With everyone locked up in their houses with little else to do... you get it. However, the latest data from Europe suggests we're almost certainly in for the opposite — a baby bust.

Data from Spain estimates that the number of babies born in December 2020 and January 2021 was down roughly 20% on the year before, equating to roughly 6,000 fewer births in each month. Data from Italy shows a similar pattern — and experts now expect the same across many countries, including the US. There is even some (albeit modest) evidence of slightly fewer Google searches for terms such as "morning sickness".

It's not hard to work out why potential parents have put off the enormous responsibility of having children given how uncertain work and personal lives have been.

It is possible of course that we get a bounce back baby boom next year, or the year after, as people make up for lost time. If we don't though, the baby bust will have accelerated a tricky trend for many countries; ageing populations. Italy and Spain, two of the countries to have reported recent births data, already have some of the lowest fertility rates in the world. In Italy each woman gives birth to 1.3 children per year on average, in Spain that number is even lower (1.26). Those rates have significant impacts on a country, something we wrote about in more detail here.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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