In the wake of COVID-19 and associated lockdowns, businesses in both the oil and gas industry and the recreation industry saw a ** percent reduction in revenues when comparing the revenues generated between ********** to ********** with revenues generated between ********** to **********. The top performing industries during the same time period can be accessed here.

The impact of coronavirus COVID-19 outbreak with a prolonged shutdown of business operation could be devastating on China's economy. Recreation industry was estimated to suffer the most with a drop by *** percentage points form the baseline of no virus outbreak. Transportation, trade and communication services were other hard-hit industries.

During an April 2020 survey of media publishers, platforms and programmatic companies in the United States, gauging the impact of the coronavirus outbreak on the future of their business and the ad market, it was found that close to 70 percent of respondents indicated the travel and tourism category to have the greatest negative impact compared to their original plan for 2020. The second hardest hit category was brick and mortar retail stores.

As of November 14, 2021, all S&P 500 sector indices had recovered to levels above those of January 2020, prior to full economic effects of the global coronavirus (COVID-19) pandemic taking hold. However, different sectors recovered at different rates to sit at widely different levels above their pre-pandemic levels. This suggests that the effect of the coronavirus on financial markets in the United States is directly affected by how the virus has impacted various parts of the underlying economy. Which industry performed the best during the coronavirus pandemic? Companies operating in the information technology (IT) sector have been the clear winners from the pandemic, with the IT S&P 500 sector index sitting at almost ** percent above early 2020 levels as of November 2021. This is perhaps not surprising given this industry includes some of the companies who benefitted the most from the pandemic such as ************** and *******. The reason for these companies’ success is clear – as shops were shuttered and social gatherings heavily restricted due to the pandemic, online services such shopping and video streaming were in high demand. The success of the IT sector is also reflected in the performance of global share markets during the coronavirus pandemic, with tech-heavy NASDAQ being the best performing major market worldwide. Which industry performed the worst during the pandemic? Conversely, energy companies fared the worst during the pandemic, with the S&P 500 sector index value sitting below its early 2020 value as late as July 2021. Since then it has somewhat recovered, and was around ** percent above January 2020 levels as of October 2021. This reflects the fact that many oil companies were among the share prices suffering the largest declines over 2020. A primary driver for this was falling demand for fuel in line with the reduction in tourism and commuting caused by lockdowns all over the world. However, as increasing COVID-19 vaccination rates throughout 2021 led to lockdowns being lifted and global tourism reopening, demand has again risen - reflected by the recent increase in the S&P 500 energy index.

The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act.

According to a March 2021 survey conducted in the United Kingdom (UK), UK retailers in the fuel and textile clothing and footwear sectors were hit the hardest by the coronavirus pandemic. About ** percent of fuel retail businesses stated they experienced decrease in their business turnover between February 22 and March 7, 2021. Non-store retailers were the least impacted sector in the group as ** percent of these businesses reported their turnover have increased in this time period and a further ** stated that their turnover have not affected by the pandemic.

Apart from direct health impact of the Covid-19 pandemic, the crisis and measures to combat it have hit the economy hard. In Myanmar, as part of the Myanmar Business Environment Index (MBEI) project, The Asia Foundation conducted a survey of 750 businesses to see what kind of impact Covid-19 is having on them. The crisis has impacted business operations, sales, profitability, and cash flow. Survey results indicate the virus has put business survival at risk; how businesses have responded by laying off employees, taking out loans, or applying measures to protect their employees and customers; and how businesses have thus far benefited from government support. Additionally, the study looks at the impact of Covid-19 on key aspects of the business environment including electricity, internet, and crime. The report includes a summary of findings from the survey as well as statistical tables of the results.

The COVID Tracking Project collects information from 50 US states, the District of Columbia, and 5 other US territories to provide the most comprehensive testing data we can collect for the novel coronavirus, SARS-CoV-2. We attempt to include positive and negative results, pending tests, and total people tested for each state or district currently reporting that data.

Testing is a crucial part of any public health response, and sharing test data is essential to understanding this outbreak. The CDC is currently not publishing complete testing data, so we’re doing our best to collect it from each state and provide it to the public. The information is patchy and inconsistent, so we’re being transparent about what we find and how we handle it—the spreadsheet includes our live comments about changing data and how we’re working with incomplete information.

From here, you can also learn about our methodology, see who makes this, and find out what information states provide and how we handle it.

BackgroundCovid-19 is one of the worst crises in modern working life with a direct negative impact on many enterprises and organizations. The aim of this study is to explore what managers in Small Scale Enterprises (SSEs) changed in their business during the Covid-19 pandemic, particularly addressing health issues.MethodsA longitudinal qualitative research methodology was used, interviewing 16 managers of SSEs in the Norwegian and Swedish manufacturing and service sector both before (round 1) and during the pandemic (round 2). In this approach, time is designed into the research process, making change a key focus for analysis.ResultsThe analysis resulted in two main themes, resilience and demanding occupational health and safety conditions, and five sub-themes. Results show how managers in SSEs changed their business during the Covid-19 pandemic and the impact of these changes. Although, the enterprises were heavily affected in the beginning of the pandemic, several managers found new solutions for their businesses to maintain and reach new customers. They applied a socially responsible management which addressed different health issues.ConclusionCrises like the Covid-19 pandemic will have future impact on SSEs making it important to understand how managers in such enterprises address business and health issues. This knowledge may have practical implications for supporting managers in SSEs in how to perform a socially responsible management and maintain occupational health and safety measures. The managerial implications from this research are that they need to be flexible, reorientable and, at the same time, be loyal to the core business. This study shows the importance of doing longitudinal studies about business and health issues among mangers in SSEs.

The introduction of a statutory minimum wage in Germany in 2015 aimed at improving the welfare of low-wage workers but was also accompanied by concerns about distortions in Europe’s largest economy. This paper provides a comprehensive survey of results from the evaluation of the German minimum wage by compiling recent descriptive evidence and a systematic literature review on causal effects through 2020. On 1 October 2022, the minimum wage was raised legislatively by 15 percent to 12 euros per hour, which affected approximately 5.8 million employees and 23 percent of companies. The war in Ukraine and the coronavirus pandemic hit minimum wage workers and minimum wage firms harder than the rest of the economy. The minimum wage thus far had the strongest causal ef-fects directly after its introduction. Hourly wages increased, while working hours decreased, resulting in mixed effects on monthly wages. Overall employment fell slightly, with a decline in marginal employment in particular. Companies’ wage costs increased, and as productivity did not change, profits declined.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

While the global coronavirus (COVID-19) pandemic caused all major stock market indices to fall sharply in March 2020, both the extent of the decline at this time, and the shape of the subsequent recovery, have varied greatly. For example, on March 15, 2020, major European markets and traditional stocks in the United States had shed around ** percent of their value compared to January *, 2020. However, Asian markets and the NASDAQ Composite Index only shed around ** to ** percent of their value. A similar story can be seen with the post-coronavirus recovery. As of November 14, 2021 the NASDAQ composite index value was around ** percent higher than in January 2020, while most other markets were only between ** and ** percent higher. Why did the NASDAQ recover the quickest? Based in New York City, the NASDAQ is famously considered a proxy for the technology industry as many of the world’s largest technology industries choose to list there. And it just so happens that technology was the sector to perform the best during the coronavirus pandemic. Accordingly, many of the largest companies who benefitted the most from the pandemic such as Amazon, PayPal and Netflix, are listed on the NADSAQ, helping it to recover the fastest of the major stock exchanges worldwide. Which markets suffered the most? The energy sector was the worst hit by the global COVID-19 pandemic. In particular, oil companies share prices suffered large declines over 2020 as demand for oil plummeted while workers found themselves no longer needing to commute, and the tourism industry ground to a halt. In addition, overall share prices in two major stock exchanges – the London Stock Exchange (as represented by the FTSE 100 index) and Hong Kong (as represented by the Hang Seng index) – have notably recovered slower than other major exchanges. However, in both these, the underlying issue behind the slower recovery likely has more to do with political events unrelated to the coronavirus than it does with the pandemic – namely Brexit and general political unrest, respectively.

The automotive sector was estimated to be hit the hardest by the coronavirus (COVID-19) lockdown in India as of **********. Power, IT and FMCG followed in the markets most likely to be affected that time.

The country went into lockdown on **************, the largest in the world, restricting *** billion people, extended until ***********. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

The coronavirus pandemic hit the global business tourism industry hard as the ability to travel was limited in order to reduce the spread of the virus. As a result, most business travel companies were forced to take action, implementing layoffs or furloughs. According to a November 2020 survey, ** percent of respondents stated that frontline service providers (i.e. fight attendants, travel agents, and hotel concierges) were greatly affected by layoffs or furloughs due to the pandemic. Respondents were employed by travel suppliers or travel management companies that had laid off or furloughed employees.

As of March 2020, ** percent of companies in the Dutch hospitality sector predicted that they did not have sufficient financial resources to survive the coronavirus epidemic for more than two to three months. Of this group, more than half indicated that they could not even survive for *** month without (governmental) financial support. A mere *** percent of businesses expected that they would be able to endure the epidemic for six months to a year. Government regulations as response to the coronavirus diminished the occupancy rate in the hospitality sector in March 2020.

COVID-19 and its impact on businesses

The COVID-19 outbreak in 2020 did not only affect the health of the Dutch population, but also that of its businesses. The hospitality sector was among those hit the hardest by the coronavirus epidemic in 2020. As of March 2020, it was estimated that food services in the Netherlands could face revenue losses of *** million euros per month. The deterioration of small and large businesses prompted the government to provide financial aid worth tens of billions of euros. Nonetheless, the epidemic caused the bankruptcy of many stores, restaurants, cafes and businesses in the (travel) servicing industry.

Government regulation and changing consumer behavior

Two underlying factors contributed to the decline of the hospitality sector: government regulations and a rising level of concern about the virus. Firstly, the government of the Netherlands forced the closure of many non-essential business, including those in the hospitality sector. In addition, new social distancing regulation such as the *** meter-rule made it near-impossible for many businesses to remain operational. Secondly, potential customers stayed away from inner cities and shopping centers due to a fear of infection. As the lion’s share of hospitality businesses is located in inner cities and near shopping areas, most businesses were affected.

According to a survey conducted in Germany in March 2020, ** percent of hotel and hospitality businesses have declared revenue losses between 10,000 to ****** euros. The coronavirus (COVID-19) outbreak of 2020 in Germany has hit the hotel and hospitality industries particularly hard. This is due to not only the present risk to personal health for employees, but also because current travel restrictions within Europe and in the U.S., to name just a few markets for these industries, are preventing businesses from generating revenue through travelers and consumers using their services. Domestic travel within Germany itself is also largely non-existent as long as government rules regarding movement in public spaces and contact between groups of more than *** remain valid. The coronavirus pandemic is affecting businesses around the world.

According to a survey from April 2020, around half of the companies operating grocery stores and supermarkets in Finland reported that their sales revenue increased due to the coronavirus (COVID-19) pandemic. However, at the same time almost ** percent of the companies in this sector estimated that their sales revenue decreased.

Specialty and department stores were worst hit by the coronavirus, as ** percent of the companies reported decrease in their sales revenue and ** percent of the companies lost more than half of their revenue. In addition, the companies working in the wholesale sector, excluding technical whole sale, suffered major losses.

In total, roughly ** percent of all the retail companies experienced some decrease in their revenue as a result of the coronavirus pandemic.

In 2020, the European equipment rental market was hit hard by the coronavirus pandemic, reporting a **** percent market decline. According to a 2020 survey, half of representatives of equipment rental companies in Europe reported a decline of up to ** percent, with ** percent of them reporting ** to ** percent decline in their businesses.

As governments around the world implemented social isolation measures to slow the spread of COVID-19, Australia had just weathered its worst bushfire season in living memory. Many businesses had already suffered losses due to the fires, however the tourism and accommodation industries in New South Wales and Victoria were among the hardest hit. Yet the coronavirus would prove even more devastating to tourism as well as the arts, entertainment and retail industries.

Impact on the economy

The 2019/2020 summer bushfire season left a gap in the balance sheets of many Australian businesses. However, this was nothing compared to the impact social isolation and mass closures of public facilities, restaurants, and venues would have on the Australian economy. Over 65 percent of businesses reported a reduction in cash flow in March 2020 and almost 30 percent had their supply chains disrupted. On the other end of the spectrum some businesses recorded an increase in demand for their services, particularly in the area of online sales, homewares and food delivery.

Employment

In an effort to maintain jobs, the Australian government introduced the JobKeeper wage subsidy, which was paid to businesses who maintained their workforce during the COVID-19 crisis. Surprisingly, it was not the arts, retail or hospitality industries that dominated applications for the subsidy scheme, but rather the construction industry. Despite government help hundreds of thousands of jobs were lost or stood down during the coronavirus crisis.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.

As of March 06, 2022, overall coronavirus (COVID-19) cases in South Africa reached its highest at 3,684,319 infections. It was also the largest volume of confirmed cases compared to other African countries. Regionally, Gauteng (Johannesburg) was hit hardest and registered 1,196,591 cases, whereas KwaZulu-Natal (Durban) and Western Cape (Cape Town) counted 653,945 and 642,153 coronavirus cases, respectively. In total 23,245,373 tests were conducted in the country. Total recoveries amounted to 3,560,217. On December 12, 2021, the highest daily increase in cases was recorded in South Africa.

Economic impact on businesses in South Africa

The coronavirus pandemic is not only causing a health crisis but influences the economy heavily as well. According to a survey on the financial impact of COVID-19 on various industries in South Africa, 89.6 percent of businesses indicated to see a turnover below the normal range. Mining and quarrying industry was hit hardest with nearly 95 percent of all companies seeing a decrease in turnover, whereas the largest share of businesses experiencing no economic impact are working within the real estate sector and other business services. As a response to the coronavirus, laying off workers in the short term was the most common workforce measure that businesses in South Africa implemented. 36.4 percent of businesses indicated to have laid of staff temporarily, and roughly 25 percent decreased the working hours. Approximately 20 percent of the surveyed companies, on the other hand, said no measures have been taken.

Business survivability without any revenue

Due to the measures taken by the government to prevent the coronavirus from spreading too fast, many businesses had to close its doors temporarily. However, if the coronavirus would leave them without any form of revenue for up to three months, eight out of ten businesses in South Africa predicted (in April 2020) they will go bankrupt. Just 6.7 percent said to survive for longer than three months without any turnover.