COVID-19 Executive Briefing April - 2022

Comprehensive analysis of COVID-19 for individuals interested in learning more about its worldwide concerns. Globaldata’s COVID-19 - Executive Briefing report offers detailed exposure to the pandemic, providing key insights such as testing statistics by country, stock market indices & GDP, business optimism, and future of work.

Infection rates continues to rise as COVID-19 has spread to over 201 countries and territories with more than 481 million confirmed cases and more than 6 million deaths. The continual effort of various countries to control this situation has resulted in the maximum vaccination drive conducted by China followed by India and the US. Constant positive growth of GDP has been witnessed by all the major countries.

Understand the outlook on the economic impact of COVID-19 from an expert’s perspective:

The World Trade Organization (WTO) revised the global real GDP growth forecast for 2022 downward to 2.8% from its earlier projection of 4.1%. High inflation to force Federal Reserve to raise interest rates three times in 2022 and withdraw economic support sooner than expected. Oil prices have soared to record-highs since February 2022, with the US and Europe imposing strict penalties on Russia and crude oil buyers shunning the country’s cargoes to avoid running afoul of Western sanctions.

Complete scenario analysis of the COVID-19

View our free report, for detailed forecast on the future impact of COVID-19. In our survey and methodology report we have discussed some of the following vital scenarios:

• Economic impact: Geopolitical tensions have impacted share prices across most markets. The World Trade Organization (WTO) has revised its forecast for global real GDP growth in 2022. It has dropped from the previous forecast of 4.1% to 2.8%. The organization predicts GDP of The Commonwealth of Independent States (CIS), excluding Ukraine, will shrink by 7.9% in 2022. The World Bank predicts that the Indian economy will grow by 8% from 2022 to 23, a downward revision from the previous forecast of 8.7%
• Employment impact: 3 in 10 employees prefer to visit their office daily after the pandemic. Many respondents continue to work from home full-time

Access analysis of the impact of COVID-19 on various sectors, including the following: 

• Aerospace, Defense & Security: Airbus now expects commercial aerospace to recover to pre-COVID-19 levels between 2023 and 2025, led by single-aisle extra long-range aircraft. The potential of further lockdowns and travel bans will impact the Primes unevenly, with Boeing having a higher exposure to the faster recovering US domestic market. Omicron variant likely to complicate things further, returning to the travel bans of early 2020
• Apparel: Apparel brands continue to face rising costs from the impact of COVID-19 on the global supply chain, exacerbated by the closure of Shanghai following the latest outbreak. Strong brands, with relevant products, are in a better position but online retailers have seen a slowdown as stores re-open. Luxury brands are performing well—their aspirational status means inflationary pricing does not deter spending. Those with a presence in Russia and Ukraine will be taking a hit on revenue in 2022

Leverage our free report to gain more insights on the major developments of COVID-19 and its impact on the global economy.