Global Gross Domestic Product Levels - Economics Assignment Help

Assignment Task :

Task description & requirements The COVID-19 pandemic has resulted in falling global gross domestic product (GDP) levels, mass unemployment and air freight volume plunging by almost 28% year on year in April 2020 according to the International Air Transport Association (IATA). 
While lockdowns and travel restrictions due to COVID-19 have resulted in the loss of passengers from the skies, air cargo demand, particularly for personal protective equipment (PPE), has been racing ahead of capacity. The absence of passenger aircraft, that carries half of all cargo in the belly hold of passenger aircraft, has fuelled demand for freighter aircraft to meet this capacity. 

1. Discuss the prospects for air cargo growth post COVID-19 when passenger aircraft are once again flying high volumes of passengers internationally. Include examples of products that are likely to remain unaffected by external environmental factors such as an economic downturn and the reasons why this might be the case. 
 

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