COVID-19 Executive Briefing May - 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.

The virus has now spread to 201 countries and territories with more than 509 million confirmed cases and more than 6 2 million deaths. China leads in number of COVID-19 vaccinations, while Gibraltar leads in vaccinations per 1,000 population. China Leads Top Economies in Percent of Population that Received One Dose of Vaccine, and in Percent of Population that Received Two Doses of Vaccine. Gibraltar Leads in Fully Vaccinating the Largest Percentage of Its Population But Herd Immunity Threshold Needs to be Re-evaluated

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

According to the Census and Statistics Department of Hong Kong, the economy contracted by 4 on an annual basis in Q1 2022. The government has revised Hong Kong’s 2022 economic growth forecast to 1%-2% from the 2%-3% projected earlier. The Conference Board forecast that the US economy will grow by 2.3% in 2022 and 2.1% in 2023 It also projected that the US economy will record 2.1% growth in Q2 2022 on a quarterly basis.

Complete scenario analysis of the COVID-19

View our free report, for a 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: The Saudi Arabian economy grew by 9.6% on an annual basis in Q1 2022 the fastest in a decade, supported by booming its oil sector. Southeast Asia’s largest economy, Indonesia, grew by 5.01% on an annual basis in Q1 2022 driven by a rise in the commodity prices and relaxation of COVID 19 restrictions
• Employment impact: According to the OECD, the unemployment rate in OECD nations stood at 5.1% in March 2022 a marginal decline from the 5.2% recorded in the previous month The unemployment rate among G7 nations declined to 4.1% in March 2022 from 4.2% in February 2022

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 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
• Apparel: Apparel brands continue to face rising costs from the impact of COVID on the global supply chain, exacerbated by the closure of Shanghai following the latest outbreak. These costs are being passed onto the consumer as higher prices, as retailers and brands are unable to fully absorb them 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.