The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:

• Travel and tourism
• • 100m lost jobs expected globally 
  • $2.7 in lost GDP 
  • Airbnb lays of 25% of employees 
• Music & Concerts
• • From a record $12.2B concert year to a loss of $9B
  • Expectations of concert prohibition lasting up to two years
  • Industry organizing to be included in relief 
• Real Estate
• • Commercial real estate expecting 2.5% default rate for 5+ years 
  • Negotiations around sales-based payment instead of traditional rent 
  • Residential sees cratering demand but home prices remain up year over year