In 2020, manufacturing took a huge hit as a result of the constraints around COVID-19. In April 2020, year-on-year output dropped by nearly 20%. Since then, there’s been a dramatic recovery, although November 2020 figures are still 3.7% lower than those from November 2019. On the other hand, the October
Not since the Second World War has there been such global disruption as experienced in 2020. International transportation came to a standstill, major populations were confined to their homes, and factories shut down.
In the context of COVID-19, the risk is not just limited to the possibility of death after contracting coronavirus, but also that the virus is so infectious. This means it spreads quickly, potentially overwhelming local medical resources, as well as causing economic disruption.
