How the virus transformed the way Americans spend their money

‘In a matter of weeks, pillars of American industry essentially ground to a halt. Airplanes, restaurants and arenas were suddenly empty. In many states, businesses deemed nonessential — including luxury goods retailers and golf courses — were ordered closed.’

[NOTE: These figures, while they don't apply to many developing countries as a whole, give us a glimpse of how the more urbanised, consumerist parts of our economies may be affected. Also the patterns of spending give us an idea of what we may expect in large sections of the economy dependent on travel and tourism, including “medical tourism”, international students, retailing in malls, etc. They also tell us why we should now focus on basic needs.]

Read here (New York Times, April 11, 2020)

Report of special survey on effects of COVID-19 on economy & individual - Round 1

‘This report provides a summary of findings Special Survey “Effect of Covid-19 on the Economy and Individual” - Round 1, was conducted online by the Department of Statistics, Malaysia for the period 23rd - 31 March 2020. This survey consists of 3 modules and 21 questions. A total of 168,182 respondents aged 15 years and above has participated in this survey. The analysis presented are based on respondent’s feedback that includes qualitative personal opinion on economics, employment and spending pattern.’

Read here (Department of Statistics Malaysia, DOSM, April 10?, 2020)