Covid-19 Tracker Business And Economy Implications

As the coronavirus pandemic (also known as COVID-19) continues to spread across the world, Business Insider Intelligence and E-Marketer continue to work to analyze the business and economy impact of the virus in each of the coverage areas.

The following coverage provides a better understanding of the coronavirus business and the financial impact of trends such as remote working, consumer behavior, global advertising spending, and key areas such as food, medicine, travel and transportation.

Covid-19 Has Frequently Asked Questions About business and economy impact:

How is the coronavirus impacting business and economies?

A simple look at the stock market reveals that coronavirus created a volatile economy, but there are many other factors that play a role. China's first coronavirus outbreak disrupts global supply chains. A record 3.28 million Americans applying for unemployment benefits in the week leading up to March 21 as coronavirus layoffs spiked in the United States. Even if the short-term effects stop, the long-term economic effects will last for years.

How is the coronavirus impacting the small business economy?

Small businesses make up over 99% of all businesses and employ approximately half of the US workforce. Most small businesses don't have the money to survive a month and more than 2 million workers are expected to lose their jobs within a week due to the coronavirus pandemic. There is also the possibility of a start-up depression  where new businesses do not enter the job market due to the pandemic.

Which industries business and economy are most impacted by the Caronavirus?

Hospitality and travel are two of the biggest industries hit by Covid-19 as travel is canceled, restaurants and bars close, and consumer confidence is low. Manufacturing and manufacturing have severely delayed layoff decisions, but these industries could suffer stress if consumer demand falls.

How should the economy be prepared for the Coronavirus?

The CDC has identified ways to prepare companies business and economy  for the pandemic, such as: Assess your core functions and the trust that others and the community have in your services or products.