The Economists pointed out that coronavirus infections have peaked in much of the rich world. It is also interesting to see that even Sweden, one of the only countries in the chart without any mandatory nationwide restrictions on movement, seems to have reached its peak.
From the Economist, this chart shows the estimated impact of covid-19 crisis on economic output by sector, using the data from the International Labour Organisation (ILO). The International Labour Organisation estimates that industries in which the risk of lay-offs or furloughs is high employ 1.25bn people. The exit from lockdowns will be halting and precarious.Continue reading “Covid-19 and the global business climate”