The ongoing COVID-19 pandemic has caused global health impacts, and governments have restricted movements to a certain extent. Such restrictions have led to disruptions in economic activities. In this paper, the GDP figures for the April鈥揓une quarter of 2020 for eight countries, namely, the ...
The global gross domestic product (GDP) faced a major crisis in 2020 when the COVID-19 pandemic had a massive impact on the global economy, bringing trade to an immediate halt. However, the GDP quickly started increasing again in 2021. What is understood under the concept of GDP, which ...
CORONAVIRUS IMPACT Prospects of GDP growth decline as economic impact of Covid-19 extends beyond Q1 of 2020 (GDP growth in %) India 876543210India7.45.35.35.8 2018 2019* 2020 2021 Real growth forecast for 2020** (%) MacaoSingaporeHong KongIndiaThailandMalaysiaChinaTaiwanSri LankaAustralia...
The impact that the coronavirus (COVID-19) outbreak could have on the economy depends on how the outbreak plays out.
COVID-19public healtheconomicsquarantineeconomyIn this brief, we provide a back-of-the-envelope estimate of the impact of current mitigation measures on the 2020 GDP growth rate. That impact varies by industdoi:10.2139/ssrn.3570731Makridis, Christos...
The US economy contracted 3.5 percent in 2020 amid COVID-19 fallout, the largest annual decline of US gross domestic product (GDP) since 1946, according to data released by the US Commerce Department on Thursday. 美国商务部1月...
US Q1 GDP shrinks by 4.8%｜美国一季度GDP下滑4.8% US real gross domestic product (GDP) in the first quarter contracted at an annual rate of 4.8% amid the COVID-19 impact, the biggest decline in over a decade, the US Commerce Department reported Wednesday.美国商务部29日表示，受新冠...
The analysis predicts a nearly complete GDP recovery from the COVID-19 impacts, with a mere 0.9% impact to the long-term trend of real GDP. Therefore, Morningstar suggests, oil demand should likewise recover nearly to its pre-pandemic trend, assuming the oil intensity of GDP isn’t ...
The ONS said all the main sectors of the UK economy posted record growth in the third quarter though they remained below pre-COVID levels. In September there was a boost for education as children went back to school and house building continued to recover. ...
China's GDP has been growing at an impressive rate over the past few decades. In 2020, despite the impact of the COVID-19 pandemic, China's GDP still managed to grow by 2.3%, making it the only major economy in the world to record positive growth. There are many factors that have ...