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Themed Timelines

Vaccine Development and DistributionVaccine Development and DistributionGlobal Supply Chain and Economic DisruptionsGlobal Supply Chain and Economic DisruptionsGovernment Responses and PoliciesGovernment Responses and PoliciesGlobal Outbreak and Declaration of PandemicGlobal Outbreak and Declaration of PandemicSocial and Behavioral ImpactsSocial and Behavioral ImpactsEconomic Impact and RecessionEconomic Impact and RecessionHealthcare System Overload and ResponseHealthcare System Overload and ResponseLong-Term Economic and Social ConsequencesLong-Term Economic and Social ConsequencesSector-Specific Economic ImpactsSector-Specific Economic ImpactsMain milestonesMain milestonesClinical Trials and Treatment ResearchClinical Trials and Treatment ResearchRegional and Country-Specific ResponsesRegional and Country-Specific Responses
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COVID-19 - contagious disease caused by SARS-CoV-2

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03.04.25
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Economic Impact and Recession

This timeline highlights the significant economic effects and recession caused by the COVID-19 pandemic.
Economic Consequences Begin
Late 2019
The economic aspects of the COVID-19 recession started to materialize, including impacts on global trade and financial markets.
2020 Stock Market Crash
February 20, 2020
The stock market crash began, marking a significant economic downturn due to the pandemic.
CARES Act Signed
March 27, 2020
The largest economic stimulus legislation in American history, the CARES Act, was signed into law to combat the economic effects of the pandemic.
Unemployment and Economic Contraction
April 2020
The unemployment rate in the U.S. increased from 3.5% in February to 14.7%, and real GDP was forecast to fall at a nearly 38% annual rate in the second quarter.
Global Economic Contraction and Recovery
2020-2022
The pandemic caused a 7% drop in global commercial commerce in 2020, with significant impacts on various sectors and a gradual recovery in subsequent years.

Other Themed Timelines

Main milestonesMain milestonesClinical Trials and Treatment ResearchClinical Trials and Treatment ResearchGlobal Outbreak and Declaration of PandemicGlobal Outbreak and Declaration of PandemicGlobal Supply Chain and Economic DisruptionsGlobal Supply Chain and Economic DisruptionsGovernment Responses and PoliciesGovernment Responses and PoliciesHealthcare System Overload and ResponseHealthcare System Overload and ResponseLong-Term Economic and Social ConsequencesLong-Term Economic and Social ConsequencesRegional and Country-Specific ResponsesRegional and Country-Specific ResponsesSector-Specific Economic ImpactsSector-Specific Economic ImpactsSocial and Behavioral ImpactsSocial and Behavioral ImpactsVaccine Development and DistributionVaccine Development and Distribution
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