Pandemic winners and losers: how Big Tech's gains mask a struggling economy

  A global lockdown has caused dramatic shifts in the economic landscape and focused markets on one sector. " data-adaptive-image-768-img="" data-adaptive-image-max-img=""> For countries around the world, 2020 wasa year of unprecedented disruption . The International Monetary Fund has estimated a global growth contraction of 3.5 per cent for the year. But during this turmoil, some of the world's biggest companies enjoyed significant investment, with huge increases in their market capitalisation and the wealth of their top executives. The picture from the markets looks optimistic – if you look at a few companies. Technology companies such as Tesla, Nvidia and Amazon emerged as some of the pandemic’s biggest winners in investor confidence, but other markets have declined steeply, with oil and gas companies such Occidental Petroleum and Marathon Oil registering the biggest losses. While a high share price does not automatically add to a company's fortune .. Full story on newstatesman.com 

pandemic, big, tech, winners, losers, struggling, economy Image source : newstatesman.com
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