1. Geo-Economic Impact of COVID-19 on the Maritime Sector in Malaysia
- Author:
- Sumathy Permal and Norsyihan Jamal
- Publication Date:
- 04-2020
- Content Type:
- Working Paper
- Institution:
- Maritime Institute of Malaysia
- Abstract:
- The cascading effect of the novel coronavirus (Covid-19) that originated in Wuhan, China, is producing widespread reverberations around the globe and impacting almost every facet of life as we know it today. This article discusses the impact of Covid-19 on the geo-economics and maritime sector of Malaysia. A study by McKinsey states that the pandemic is expected to peak in the US and Europe in May 2020 and, as such, its full-fledged impact has not yet been felt. The pandemic has a corresponding effect on the global economy, which is expected to suffer major declines in consumption and production throughout the year. The global supply chain has been hard-hit with dire consequences for international trade and the shipping industry.
- Topic:
- Economics, International Trade and Finance, Maritime, Pandemic, COVID-19, and Supply Chains
- Political Geography:
- Malaysia and Asia