Impact of the coronavirus pandemic on the

global economy :

While there is no way to tell exactly what the economic damage

from the global COVID-19 novel coronavirus pandemic will be,
there is widespread agreement among economists that it will have
severe negative impacts on the global economy. Early estimates
predicated that, should the virus become a global pandemic, most
major economies will lose at least 2.4 percent of the value their
gross domestic product (GDP) over 2020, leading economists to
already reduce their 2020 forecasts of global economic growth
down from around 3.0 percent to 2.4 percent. To put this number
in perspective, global GDP was estimated at around 86.6 trillion
U.S. dollars in 2019 – meaning that just a 0.4 percent drop in
economic growth amounts to almost 3.5 trillion U.S. dollars in lost
economic output. However, these predictions were made prior to
COVID-19 becoming a global pandemic, and before the
implementation of widespread restrictions on social contact to
stop the spread of the virus. Since then, global stock markets
have suffered dramatic falls due to the outbreak, and the Dow
Jones reported its largest-ever single day fall of almost 3,000
points on March 16, 2020 – beating its previous record of 2,300
points that was set only four days earlier.

Global economic impact


Cumulative cases of COVID-19 worldwide from January 8 to October
18, 2020, by day


COVID-19 cases worldwide as of October 19, 2020, by country


Global COVID-19 crisis index June 2020

Forecasted global real GDP growth due to COVID-19 2019-2021

Value of COVID-19 stimulus packages in the G20 as share of GDP

2020


Share of people confident in their country's recovery post COVID-19
worldwide 2020

Stock markets and COVID-19


Share price index in major developed and emerging economies 2019-
2020


Monthly Shanghai Stock Exchange Composite Index performance
September 2020


Monthly trading volume of KRX stock market South Korea 2018-2020


Coronavirus impact on the CAC 40 index in France January-September
2020


Weekly DAX performance 2020


Weekly Dow Jones Industrial Average index performance 2020
 Impact on major industries

Global change in travel and tourism revenue due to COVID-19 2019-
2020


Global change in travel and tourism revenue due to COVID-19 by
region 2019-2020


Weekly flights change of global airlines due to COVID-19 as of October
19, 2020


Weekly crude oil prices for Brent, OPEC basket, and WTI 2019-2020


Global PMI for manufacturing and new export orders 2017-2020
Global growth in goods trade 2016-2020


COVID-19 - impact on auto demand from coronavirus by key market
2020


Monthly global chemical production change due to COVID-19 by region
2020

Show all statistics (8)

Impact on Asia

Estimated COVID-19 outbreak impact on economy in China 2020, by
industry

Economic impact of COVID-19 outbreak on tourism in South Korea Q1
2020


COVID-19 impact on corporate activities in manufacturing industry
Japan 2020


Coronavirus impact on corporate activities in wholesale industry Japan
2020


Estimated impact from COVID-19 on India's GDP 2020

Impact on Europe

GDP growth rate forecasts in Europe 2020-2021


Market capital value of Europe's largest banks since the Coronavirus
2020


Forecasted impact of coronavirus (COVID-19) on GDP in Italy Q1-Q2
2020


Impact of coronavirus (COVID-19) on real GDP in Italy 2020, by
scenario


Impact of the coronavirus (COVID-19) on tourism revenues in Italy
2020, by sector

Loss of tourism expenditure due to the impact of coronavirus in Italy
2020, by sector


ifo German export expectations for manufacturing 2019-2020


Coronavirus (COVID-19) impact on GDP growth in France 2020, by
scenario


COVID-19 impact on value added in Russia 2020, by economic sector

Show all statistics (9)

Impact on the United States

Real GDP growth in the United States, by quarter 2011-2020


Unemployment insurance: initial claims per week U.S. October 2020


U.S. unemployment rate: seasonally adjusted September 2020


U.S. unemployment rate by industry and class of worker September
2020


Monthly change in nonfarm payroll employment in the U.S. by industry
September 2020

USA - monthly chained inflation September 2019/20

Impact of the coronavirus pandemic on the

global GDP:
This report discusses the economic impact of the Coronavirus/COVID-19 crisis
across industries, and countries. It also provides estimates of the potential global
economic costs of COVID-19, and the GDP growth of different countries.

The current draft includes estimates for 30 countries, under different scenarios.

The report shows the economic effects of outbreak are currently being
underestimated, due to over-reliance on historical comparisons with SARS, or the
2008/2009 financial crisis.

At the date of this report, the duration of the lockdown, as well as how the
recovery will take place is still unknown. That is why several scenarios are used. In
a mild scenario, GDP growth would take a hit, ranging from 3-6% depending on
the country. As a result, in the sample of 30 countries covered, we would see a
median decline in GDP in 2020 of -2.8%. In other scenarios, GDP can fall more
than 10%, and in some countries, more than 15%.

Service-oriented economies will be particularly negatively affected, and have more

jobs at risk. Countries like Greece, Portugal, and Spain that are more reliant on
tourism (more than 15% of GDP) will be more affected by this crisis. This current
crisis is generating spillover effects throughout supply chains. Therefore, countries
highly dependent on foreign trade are more negatively affected. The results suggest
that on average, each additional month of crisis costs 2.5-3% of global GDP.

Impact of the coronavirus pandemic on the

global Unemployment :
This essay represents the collective vision of a group of scholars in vocational
psychology who have sought to develop a research agenda in response to the
massive global unemployment crisis that has been evoked by the COVID-19
pandemic. The research agenda includes exploring how this unemployment
crisis may differ from previous unemployment periods; examining the nature
of the grief evoked by the parallel loss of work and loss of life; recognizing and
addressing the privilege of scholars; examining the inequality that underlies
the disproportionate impact of the crisis on poor and working class
communities; developing a framework for evidence-based interventions for
unemployed individuals; and examining the work-family interface and
unemployment among youth

Impact of the coronavirus pandemic on the

global Demographic:

We investigated the association of some environmental and economic factors

and the global distribution indicators of the COVID-19 pandemic. Since the
number of cases and deaths is higher in high-income countries located in
higher latitudes and colder climates, further studies are required to shed light
on this matter.

Graphical abstract

Following the epidemic outbreak of COVID-19 in Wuhan, China, in December

2019 (Chen et al., 2020), most countries are currently in a pandemic situation.
The behavior of this disease is extremely sophisticated and is the main topic of
discussion in academic circles. The maps describing COVID-19 are being
updated every day; however, almost all these maps have focused on the
number of disease cases and the death number. At present, drawing maps and
performing analyses based on other parameters such as latitude and
socioeconomic factors could be useful for researchers and health policy-
makers.

Impact of the coronavirus pandemic on the

global SOCIAL :
The outbreak of new coronavirus disease 2019 (COVID-19) reported for the
first time in Wuhan, China in late December 2019 have rapidly spread to
other countries and it was declared on January 30, 2020 as a public health
emergency of international concern (PHEIC) by the World Health
Organization. Before the first COVID-19 cases were reported in Brazil,
several measures have been implemented including the adjustment of legal
framework to carry out isolation and quarantine. As the cases increased
significantly, new measures, mainly to reduce mortality and severe cases,
have also been implemented. Rapid and robust preparedness actions have
been undertaken in Brazil while first cases have not yet been identified in
Latin-American. The outcome of this early preparation should be analyzed in
future studies.

Impact of the coronavirus pandemic on the

global competitive:
The world is currently in the throes of the COVID-19 pandemic which
has halted the tourism sector and created an unprecedented global
economic crisis. This paper will outline economics pertaining to COVID-
19 lockdown, recovery and the inevitable competition that will occur
between countries for tourists who will be scarcer and therefore more
valuable. Countries are competing with a variety of incentives in order
to lure visitors. However, persistent first waves that extend into July
will put off tourists, further reducing tourism revenues and accelerate
job losses and bankruptcies in affected countries. The example of
Sweden’s response to COVID-19 in this regard will be described.
Countries that have COVID-19 relatively under control but experience
second waves will also manifest negative tourism effects. Governments
and public health must act in unison so as to exit lockdown as speedily
and as safely as feasible, with COVID-19 rises that are as low and brief
as possible in order to better compete in the tourism sector with other
countries. Websites are already online comparing not only safety for
travellers vis-à-vis COVID-19 but also the incentives offered by different
countries in their attempts to woo tourists in this difficult market.

Impact of the coronavirus pandemic on the

global :
The processes of globalisation and time-space compression,
driven mainly by the neoliberal agenda and the advancement of
various space-shrinking technologies, have markedly re-shaped
the world over the last 75 years in an almost unchallenged
manner. Amongst the most significant outcomes of these
processes have been the popularisation of international travel and
the accompanying global expansion of the tourism industry. As
the first major force ever to effectively stop (or even reverse)
globalisation and time-space compression, the COVID-19
outbreak has also put on hold the whole travel and tourism
industry. In this respect, the tourism as we knew it just a few
months ago has ceased to exist. Although the price the world is
paying for this is enormous, the temporary processes of de-
globalisation offer the tourism industry an unprecedented
opportunity for a re-boot – an unrepeatable chance to re-develop
in line with the tenets of sustainability and to do away with various
‘dark sides’ of tourism’s growth such as environmental
degradation, economic exploitation or overcrowding. However,
the path of re-development and transformation which the global
tourism production system will follow once the COVID-19 crisis
has been resolved is yet to be determined.

Impact of the coronavirus pandemic on the

global Technological :
This paper investigates the impact of COVID-19 and the global
pandemic on the energy sector dynamics. Hourly electricity demand data
was collected and analyzed for the province of Ontario. It is evident that
health-related pandemics have a detrimental and direct influence on the
concept of the smart city. This is manifested through various social,
economic, environmental, technological and energy-related changes.
The overall electricity demand of the province for the month of April of
this year amidst pandemic conditions declined by 14%, totaling 1267
GW. A unique trend of reciprocating energy demand exists throughout
the week. The post-COVID-19 indicates higher energy demand in the
earlier part of the week and a lower demand in the latter part of the
week. Pre-pandemic, the days of highest electricity demand were in the
latter part of the work week (Wed-Fri) in addition to the weekend. Post-
pandemic, the highest electricity demand occurred in the earlier part of
the week (Mon-Tue). Hourly electricity demand shows a clear curve
flattening during the pandemic, especially during peak hours of 7–11 in
the morning and 5–7 in the evening, resulting in significant demand
reductions during these periods. Lastly, due to COVID-19, GHG
emission reductions of 40,000 tonnes of CO2e were achieved along with
savings of $131,844 for the month of April.