Impact Of Covid-19 On The Global Economy Cover Image

Ковид ефектът върху глобалната икономика
Impact Of Covid-19 On The Global Economy

Author(s): Borislav Borisov
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: global crisis; COVID-19; air transport; shipping

Summary/Abstract: The impact of the global crisis caused by the COVID-19 pandemic is pervasive and affects all countries and economic sectors. However, some businesses, that have been more resilient to its adverse effects than others, for which the negative effect has been catastrophic, can stand out. There are also differences in the size of the companies, as the small ones turned out to be more flexible and therefore suffered smaller losses. The article analyses the main financial indicators of global industries and their dynamics during the crisis, paying special attention to two of them – air transport and shipping. The main conclusion is that shipping, and in particular container transport, has proved to be more sustainable, while air transport has suffered huge losses. The explanation is that when people stop traveling to markets and goods, goods travel to people.

  • Issue Year: 2021
  • Issue No: 4
  • Page Range: 5-26
  • Page Count: 22
  • Language: Bulgarian
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