Impact of Covid-19 and subsequent lockdown on service industry
Impact of Covid-19 and subsequent lockdown on service industry
Along with the event to kick-start the global economy and continue to connect the achieved results of 2020 in the first months of 2021, the economy continues to stabilize and starts to kick off sharply. However, the wave of the Covid-19 epidemic that broke out at the end of April with a new strain has a fast spreading speed, dangerous and complicated developments, seriously affecting the lives, health and lives of people. and production and business activities. On the other hand, global trade shows signs of recovery but tends to increase gradually, prices of many commodities increase sharply compared to 2020, use increases but in general remains under control worldwide. In addition, the pandemic has caused bottlenecks in the global value chain, causing the price of production materials to increase, which is not a small algorithm for production and business activities. The economy was heavily affected when GDP in the third quarter of 2021 decreased by 6.17%, the deepest decline ever and in 9 months only increased by 1.42% compared to the same period last year. In which, the service sector is most affected in the economic sectors.
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