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The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
The pandemic left millions of people in the U.S. at-risk when it comes to nutrition and overall health status. The pandemic complicated food insecurity among children, older adults, and undocumented immigrants. Feeding America stated that the estimated number of food-insecure kids could jump from 11 million to an estimated 18 million.
The COVID-19 pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine it. As the pandemic spread around the globe, concerns shifted from supply-side manufacturing issues to decreased business in the services sector. [76] The pandemic is considered unanimously as a major factor in causing the recession.
The pandemic meant people weren’t just steering clear from restaurants — some were trying to limit trips to the grocery, too. That meant a big opportunity for meal-kit companies like ...
The effects of the COVID-19 pandemic, a global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2), have been broad, affecting general society, the global economy, culture, ecology, politics, and other areas. These aspects are discussed across many articles:
Businesses in European cohesion regions are more concerned about the pandemic's consequences. Companies in affected areas anticipate long-term effects on their supply chain from the outbreak. A bigger proportion of businesses anticipate permanent employment losses as a result of the digitalization transformation brought on by COVID-19. [3] [4]
Now core Consumer Price Index (CPI) inflation remains at 3.3 percent year over year, well above the pre-pandemic norm and a full 65 percent higher than the Fed's supposed target.
After 60 years in business, Northgate Mall in Durham, North Carolina, closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33] On May 5, Nordstrom announced its intentions to close 16 locations. [34] The company announced sales were down 40% due to the pandemic on ...