COVID-19. Sector-Specific Economic Impacts
Sector-Specific Economic Impacts
This timeline details the economic impacts on various sectors due to the COVID-19 pandemic.
2020
Impact on Tourism and Hospitality
Sectors such as tourism, hospitality, and leisure were severely impacted, with declines of up to 30% in the second quarter of 2020 compared to the first quarter.
2020
Impact on Retail and Education
Industries like retail and education saw significant job losses and revenue declines due to lockdowns and social distancing measures.
2020
Impact on Manufacturing and Real Estate
Sectors such as manufacturing and real estate experienced less severe declines, with decreases of 3% or less during the same period.
