1. Real GDP Growth: -5.6% in 2020, 2.8% in 2021
2. GDP to contract at 40% annual rate in the second quarter
3. Federal Budget Deficit: $ 3.7 trillion
4. Federal Debt: 101% of GDP by end of September
5. Unemployment: 16% by end of third quarter, 10.1% at end of 2021
6. Loss of 27 million in the number of people employed, exit of roughly 8 million people from the labor force.
7. State and local governments budgets have been shattered by a plunge in tax revenues. New York City needs $ 7.4 billion in federal aid to offset economic losses.

1. The recovery period could take two to three years.
2. Customers may be subject to pre-flight health checks (temperature checks, health certificates) that may differ from country to country could be time-consuming and complicate flying schedules.
3. The wearing of masks might reassure passengers, but keeping middle seats empty would be challenging and reduce maximum seat capacity to below break-even levels.
4. Half of the airlines are bound to fail in two to three months without government help.

The coronavirus pandemic will push an additional 130 million people to the brink of starvation. When added to the 821 million people already chronically hungry, that scenario would push more than 1 billion people into dire situations.

These are the hungriest countries in the world.

% of GDP

1. Divergence actuelle des taux d’intérêt au sein de la zone monétaire.

The European Union is looking at ways to get the economy back on its feet next year after what is expected to be the 27-nation bloc's deepest ever recession, caused by the coronavirus pandemic. The economic recovery will be long, difficult and costly. It will not be like turning on a switch, only a matter of a few days, or weeks, or even months. It takes time to open shops, restaurants, to restore the production capacities of  industrial companies.

The COVID-19 pandemic has wreaked havoc on the world economy and cast a staggering gloom over growth prospects far and wide, incurring a short-term collapse in global output and widening tolls on various industries and the masses.

Global growth will turn "sharply negative" in 2020, as COVID-19 has disrupted the world's social and economic order at lightning speed and on a scale that we have not seen in living memory. In fact, the IMF anticipates the worst economic fallout since the Great Depression.

GIVE ME YOUR TIRED, YOUR POOR…

Written on the Statue of Liberty

The worldwide COVID-19 pandemic has had a devastating impact on the airline industry, unlike anything the world has seen since the end of World War II. As of late March, it is unclear what the post-pandemic airline industry will look like, but the two main factors in the industry’s future will almost certainly be the duration of the pandemic and the state of the global economy after the pandemic ends.

72 percent of companies employing fewer than 5 employees and 51 percent of companies with a turnover of under 500,000 euros are now at grave risk of financial collapse in France.

63 percent of failing companies have a share capital of less than 10,000 euros. Of those, 58 percent were already in the red for the previous two years.

Companies most affected were those forced to stop as a result of the confinement, notably retail, construction, public works, bars, restaurants, hairdressers, body care specialists and advertising agencies.