Covid-19: Sport’s economic impact worldwide

As the world continues to stay indoors due to lockdowns amid the Covid-19 pandemic, a void has been created in the sports world. Every major league has suspended their lucrative seasons. Over the last few months, the executives behind all of these leagues have been looking for a way to get back on the field and discussing contingency plans to jumpstart professional sports. After dismal numbers for US economic growth, Europe has followed suit, taking a major hit as the Covid-19 outbreak continues. Meanwhile, the European Central Bank announced on Thursday that it will keep interest rates where they are but continue stimulus measures until the economy stabilizes.

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