BMW GROUP ECONOMIC POSITION ANALYSIS IN THE SITUATION CREATED BY COVID-19 PANDEMIC
BMW GROUP ECONOMIC POSITION ANALYSIS IN THE SITUATION CREATED BY COVID-19 PANDEMIC
Author(s): Gabriel Ionel DobrinSubject(s): Economy, Business Economy / Management, Health and medicine and law
Published by: Editura Tehnopress
Keywords: pandemic – COVID-19; results of operations; incomes; costs; sales; asset;, equity; liabilities;
Summary/Abstract: In 2020, the coronavirus crisis caused the global economy to slump on a scale not seen since the Great Depression in the 1930s. Thus, the International Monetary Fund (IMF) estimates the contraction in global gross domestic product of 3.5%. Europe’s economy too was hit strongly by the pandemic crisis, the eurozone contracted by 7.6% compared to the previous year. Significant losses were recorded in Germany (-5.0%), France (-8.3%), Italy (-9.0%), Spain (-11.0%). Several sectors of the economy were completely paralised at times due to lockdowns lasting long periods of time; within this difficult context automotive industry was not spared by the problems generated by the pandemic context.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 10/2021
- Issue No: 20
- Page Range: 189-193
- Page Count: 5
- Language: English
