This article explores the multiplier effects on domestic product, employment, and the external sector of the US economy due to the decline of tourism activities during the pandemic. For this purpose, we use an input-output model and the latest available input-output data from the Organisation ...
Coronavirus: impact on the global economy Impact of COVID-19 on the global financial markets COVID-19 and mental health Coronavirus (COVID-19): impact on the retail landscape in the U.S. Coronavirus (COVID-19): impact on e-commerce in the U.S. Coronavirus (COVID-19): impact...
It feels like every day there is something new about COVID-19 and its impact on the lives of Americans. For many, the rapid-fire news cycle has left them dazed and confused about how the government’s response to the virus impacts them. This confusion is doubled especially...
In contrast, the imposed restriction on internal movement and higher fiscal policy spending had a positive impact on the level of economic activities, although the increasing number of confirmed coronavirus cases did not have a significant effect on the level of economic activities....
With lockdown, all industry and transport sectors were closed, energy demand reduced greatly but the time shift of energy demand had a critical impact on grid and energy generation. Decreased energy demand caused a silver lining with an improved environment. However, drowned economy creating a ...
Find the most relevant statistics and facts on coronavirus (COVID-19): impact on tech goods & services
A U.S. professor of economics said the disease caused by the novel coronavirus will have some negative impact on the Chinese economy in the first quarter, but things will go back to normal in the rest of the year. CHICAGO, Feb. 13 (Xinhua) -- The effect of the disease caused by the...
Financial services are one of the economy's most important and influential sectors. The COVID-19 pandemic however, had a great impact on the companies offering financial services [1]. Nonetheless, cutting-edge technologies are emerging to complement the conventional financial services that either part...
COVID-19 has had an unprecedented impact on labor, with the U.S. Treasury Secretary estimating that unemployment could reach 20% in the U.S. What are the long-term impacts, both in Europe and in the United States, of such severe unemployment?
Impact on the U.S. Economy The pandemic began in February 2020 and was a catalyst forrecession.1The COVID-19 crisis pushed the U.S. stock market into bear market territory in March 2020, with the S&P 500 unable to recover to pre-pandemic highs until June 2020.2The U.S. unemployment ra...