Impact of the COVID-19 pandemic on the global economy and on the world production of passenger aircraft

Abstract

In April 2020, the IMF was forced to radically revise its forecasts for the development of the world economy. “The world has changed dramatically in the three months that have passed since the release of our last edition,” says the emergency issue of the report “World Economic Outlook: The Great Self-Isolation”. IMF estimates, the world economy to face the greatest fall since the Great Depression of the 1930s. The total loss of world GDP as a result of the so-called "Great Self-Isolation" could reach, according to the IMF, $ 9 trillion. International experts emphasize that the current crisis is unlike any previous crisis in history for several reasons.