Economists and institutions have cut their forecasts and experts are predicting the potential onset of recessionary environments.

According to the International Labor Organization (ILO), more than one in six young people worldwide have stopped working since the Covid-19 outbreak. (29 May)


Global economic output will fall by $8.5tn over next two years, according to the UN’s World Economic Situation and Prospects report. (13 May)


IMF predictions: global growth will decline by 4.9% in 2020. Chinese and Indian economies will grow by 1% and contract by 4.5%, respectively. (24 June)

Impact of Covid-19 on asset prices


As of 1 July 2020

decrease in passenger traffic


Lufthansa announced on 25 May that it will receive €9bn ($9.7bn) from the German Government, in exchange for a 20% stake in the firm.

Airlines industry impact


IATA’s estimate of lost airline revenue for 2020 now stands at $314bn, a 55% reduction compared to last year.

International air travel impact


GlobalData forecasts that international arrivals into the 62 largest tourism markets globally will fall by 34.5% in 2020.

Key aviation market developments

Share this article