At the same time as the recovery in China, both the effects of the virus and the signs of economic collapse began to appear all over the world. The first sectors affected by the sudden halt were aviation, tourism, restaurateur, apparel and other retail sectors, while temporarily there was a jump in sales in the food and health sectors. In parallel with the spread of the virus, industrial production stagnation and breakdowns in supply chains began to occur. As the countries quickly closed borders against each other, the logistics lines were severed uncontrollably. Prof. Dr. Sinan Alçın İKÜ İİBF Head of Economics Department Global Political Trends Unit (GPoT) |