Covid-19 briefing

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- ECONOMIC IMPACT -

Latest update: 22 July

Unemployment in OECD nations stood at 6.6% in May 2021, marginally down from 6.7% in April 2021. The unemployment rate among G7 nations also decreased to 5.5% in May 2021 from 5.7% in April 2021. 

The total number of Covid-19 vaccine doses administered has surpassed the total confirmed cases of Covid-19. So far, more than 2.9 billion single doses of Covid-19 vaccine have been administered. 

6.1%

After several months of downturn, positive GDP growth is forecast in all countries and 2021 consensus forecast for GDP growth is 6.1%.

181 million

Covid-19 has now spread to 198 countries with more than 181 million confirmed cases and more than 3.9 million deaths recorded.

REAL GDP GROWTH IS RECOVERING 

- SECTOR IMPACT: DRINKS -

Latest update: 7 July

GlobalData’s sector analysis shows that active jobs listings are now higher than pre-Covid levels, with a year-to-date growth of 12.9%.

SUB-SECTOR IMPACT

Alcoholic drinks: moderate negative impact


Alcoholic drinks are returning to growth this year after being significantly impacted by the pandemic. The sector will benefit as restrictions on socialising and lockdown measures begin to ease, although consumers will remain cautious with both their social interactions and spend. The sector is anticipated to recuperate its 2019 value only in 2023.


Non-alcoholic drinks: moderate negative impact


Energy drinks, flavoured water, and iced/RTD coffee drinks will experience the most growth this year as brands within these categories continue to align innovation with consumer health consciousness. Fruit powders are anticipated to decline marginally, potentially as consumers prioritise ‘healthy’ beverages.

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