How the new coronavirus changed the global economy

Coronavirus and the global economy

The pandemic has rocked the fundamentals of the world’s economy – in some cases, that may be for good.

The novel coronavirus has disrupted the global economy to an extent never seen before. The shutdowns imposed to slow its spread have sent economic output crashing, caused financial market panic and curtailed travel, leisure and social life more severely than many wars have. How long will it take for the world’s economies to return to anything close to their pre-pandemic state? The following dashboard of eight broad indicators may offer some clues.

New coronavirus cases and deaths

Notes

Freight, oil prices, stock markets and borrowing costs are updated daily; eating out, air traffic and carbon emissions are updated weekly; business activity is updated monthly

Sources

Refinitiv Datastream; Flightradar24; Global Carbon Project; J.P. Morgan; OpenTable

By Mark John and Matthew Weber