The Diverse Global Impacts of COVID-19

Economics & Macro

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Yosepha Pusparisa 26/05/2020 15:30 WIB

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The COVID-19 pandemic has impacted various sectors globally. In a WEF report, 68.6% of respondents considered a prolonged global recession to be the most prominent impact.

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The Diverse Global Impacts of COVID-19

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The Global Impact of COVID-19

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The COVID-19 pandemic has impacted various sectors globally. In a World Economic Forum (WEF) report, 68.6% of respondents considered a global recession to be the most prominent consequence of the pandemic, a recession expected to last at least 18 months.

A wave of bankruptcies and increased industry consolidation is also anticipated, according to 56.8% of respondents. Furthermore, the failure of several industries (55.9%) and high structural unemployment (49.3%) loom as consequences of the COVID-19 pandemic.

The *COVID-19 Risks Perception Survey* was conducted by the WEF from April 1st to 13th, 2020. The survey targeted a diverse range of respondents, including government officials, academics, business risk specialists, and civil society.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."