COVID-19 Executive Briefing June - 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 202 countries and territories, with more than 529 million confirmed cases and
almost 6 3 million deaths. The number of confirmed cases in the US is more than 84 million, with more than one million deaths. China leads the top economies in percent of the population that received one dose of vaccine, and in percent of
the population that received two doses of vaccine. Gibraltar leads in fully vaccinating the largest percentage of its population but the herd immunity threshold needs to be re-evaluated.

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

OECD estimates global economic growth of 3% in 2022 a 1.5 percentage point downgrade from its previous projections due to the conflict in Ukraine and China’s zero COVID-19 policy. World Bank predicts an economic growth rate in the Middle East and North Africa (MENA) region of 5.3% in 2022, an upward revision of 0.9 percentage points from its previous projections due to higher oil prices. World Bank also expects Qatar's economy to be the fastest growing among GCC nations in 2023 and 2024.

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: OECD estimates global economic growth of 3% in 2022, a 1.5 percentage point
  downgrade from its previous projections due to the conflict in Ukraine and China’s zero COVID policy
• Employment impact: According to the OECD, the unemployment rate in OECD nations stood at 5% in April 2022, a marginal decline from the 5.1% recorded in the previous month. The unemployment rate among G7 nations declined to 4% in April 2022 from 4.1% in March 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-19 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-19 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 reopen. 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.