A weekly update on the impact of the COVID-19 pandemic on the world economy, and on major individual economies such as the US, China, Japan, other Asian economies, Europe, Australia and New Zealand has been produced by Saul Eslake, one of Australia's best-known economists, since late April 2020.

1 day ago · Long COVID is causing significant economic damage, with estimates suggesting that millions globally face persistent health issues impacting productivity and increasing healthcare costs. Countries like Britain and the United States report significant portions of their populations affected, resulting in reduced labor output and major financial losses. Health experts indicate the condition may ...

Sep 25, 2020 · COVID-19 has caused an economic shock three times worse than the 2008 financial crisis. Europe and emerging markets have been hit hard economically, China has escaped a recession. But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit.

Jan 24, 2021 · The coronavirus pandemic has reached almost every country in the world. Its spread has left national economies and businesses counting the costs, as governments struggle with new lockdown...

Oct 17, 2024 · We survey the U.S. recovery since COVID-19 and compare it to its G10 peer countries. The U.S. is significantly outperforming its peers in investment and GDP per capita, even as the labor market...

Jul 3, 2024 · The global COVID-19 coronavirus pandemic had severe negative impacts on the global economy. During 2020, the world's collective gross domestic product (GDP) fell by 3.4 percent.

The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries.

Has the economy recovered from the COVID-19 pandemic? Use this hub to track the nation’s recovery from various data angles, like the unemployment rate, personal income, and state tax revenue. Recent data shows that year-over-year inflation, as represented by the Consumer Price Index, was 5% in March 2023.

Sep 27, 2024 · The initial impact of the COVID-19 pandemic on the U.S. economy was widespread and affected people across all age groups and all states while the initial mortality impact targeted mostly older people in just a few states according to independent research by the U.S. Census Bureau.

The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...