Tag: National Income Dynamics Coronavirus Rapid Mobile Survey (NIDS-CRAM)

Business travel will have an important role to play as the global economy recovers from the massive knock-on effect of COVID-19. The US and the Eurozone experienced record-breaking declines of 32.9% and 40% in GDP, respectively, in the second quarter. And, although the extent of South Africa’s economic downturn has yet to be established with the official GDP figures only being released in a few weeks, we know the impact in our country has been severe.