Covid-19: how bad will it be for the economy?

What was one of the initial economic impacts of the coronavirus outbreak?

• Increase in oil prices

• Decrease in unemployment rates

• Fall in vital commodity prices

• Rise in demand for copper

How did the S&P 500 react to the coronavirus pandemic compared to previous crises?

• It remained stable throughout the pandemic

• It experienced the quickest bear market decline in history

• It increased by 50% in a month

• It had a slower decline than the dot-com bubble

Which industries were most affected by the pandemic according to the transcript?

• Automobile and aviation

• Healthcare and pharmaceuticals

• Consumer-related industries like retail and hospitality

• Technology and agriculture

What was a major challenge for businesses during the pandemic?

• Abundance of alternative suppliers

• High costs with no revenues

• Excessive government support

• Increased demand for products

What is a V-shaped recession?

• A slow decline followed by a rapid recovery

• A rapid fall and quick rebound of the economy

• A prolonged economic trough

• A permanent economic decline

What is one of the difficult decisions governments face during the pandemic?

• Reducing healthcare funding

• Expanding international trade

• Deciding on increasing taxes

• Choosing between economic damage and public health

What was the estimated economic cost of year-long lockdowns for America and the Eurozone?

• A third of their GDP

• No significant impact

• Half of their GDP

• A quarter of their GDP