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19 - contagious disease caused by SARS-CoV-2

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Sector-Specific Economic Impacts

This timeline details the economic impacts on various sectors due to the COVID-19 pandemic.
Impact on Tourism and Hospitality
2020
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.
Impact on Retail and Education
2020
Industries like retail and education saw significant job losses and revenue declines due to lockdowns and social distancing measures.
Impact on Manufacturing and Real Estate
2020
Sectors such as manufacturing and real estate experienced less severe declines, with decreases of 3% or less during the same period.