Covid-19's repercussions on global economic and financial sectors during the first semester of 2020

Abstract EN

This research aims to shed light on devastating effects that Corona pandemic has on many economic and social sectors in more than 200 countries.

It becomes clear that hospitality, tourism, transportation, energy, retail and international trade sectors, as well as financial markets, were among the activities and sectors that witnessed a massive collapse as a result of Covid-19, which caused a deep shock in the real economy, disrupted supply chains and pushed the global economy into recession, a decline in global growth and a rise of risks.

All this has resulted in an unprecedented unemployment levels, and almost complete paralysis in various world economies.