BREAKDOWN: Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis

100m jobs lost. 2.7T in GDP evaporates. Shutdowns lasting 18-24 months? A look at how the crisis is impacting key industries.

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ABOUT

This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

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

HOST

CoinDesk

CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.

We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.

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