A global crisis that extends along the earth and its width, daily announces its victims health, political and economic, and features empty cities, stalled tourism, unemployment in millions around the world and an economy that has entered the stage of destruction, and overnight online shopping has become the only safe outlet through which you can spend your daily needs, which has caused a great recovery in the world of online commerce, a sector whose growth in a few months has risen to unprecedented levels that exceeded all expectations.
Corona epidemic is sapping the global economy
More than 80% of the world’s more than 3 billion people will face difficult economic conditions, according to an ILO report, which also noted that more than 195 million jobs will be lost to the world because of the epidemic, including 5 million jobs in the Arab world, which will significantly affect Arab economies.
The United Nations Economic and Social Commission for West Asia predicted that Arab countries’ GDP will decline by more than $42 billion in 2020, due to the fallout from Corona and the dramatic drop in oil prices, which have reached record levels never seen before in the world.
U.S. organizations have issued alarming data indicating that more than 22 million unemployment benefit applications in the United States of America have reached more than 22 million in just one month.
In Spain, the Ministry of Labor issued a statement confirming that the total number of unemployed at work exceeded 4 million, which could be increased in the coming months.
In Germany, the continent’s strongest economy, studies have confirmed that more than 700,000 companies have filed partial unemployment.
A major recovery for E-commerce
As is usually the case of the people of benefits, and in the current crisis, the e-commerce sector has emerged as a greater beneficiary of the procedures resulting from the coronavirus from curfews and closures of shops and malls, home exercise applications have replaced gyms, online movie sites, and internet buying sites in the malls and malls.
E-commerce sales grew by 20% in the first quarter of this year compared to 12% in the same period last year, according to Business Insider, a newspaper interested in the world of finance and commerce, Amazon, the owner of the largest online retailer in the world, announced that home and medical products have run out of stores in several countries and that they are considering hiring 100 thousand new workers to cover the huge number of requests received through their sites, and that they are considering the wages of increasing the wages of workers with a budget up to $350 million at $2 an hour.
Netflix, an online platform that broadcasts television and movies online, announced that it received 16 million new subscribers in the first quarter of this year and earned an estimated $709 million in 2020, up from $344 million in the same period in 2019, exceeding expectations.
All these figures illustrate one fact: the post-Corona pandemic is not the same as before, and the global economic map will change significantly, and economists expect consumer shopping behavior to change even after the crisis, as the consumer saw how it can spend all its needs at the push of a bottom.
