The coronavirus pandemic is projected to have the highest cumulative impact on final energy demand in 2020, with a 8.3 percent reduction on all sectors. Lingering effects are expected to last until 2025, before evening out over the following two decades. The forecast follows the IMF's "longer outbreak" scenario, according to which the economic effects will differ across different regions, but likely last until 2025, before a return to pre-Covid GDP levels can be expected.
Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*
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COVID-19 impact on final energy demand
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DNV. (September 1, 2020). Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. "Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*." Chart. September 1, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. (2020). Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. "Forecasted Cumulative Final Energy Demand Change Due to Long-term Covid-19 Impact Worldwide from 2020 to 2050*." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV, Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* Statista, https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/ (last visited July 22, 2024)
Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* [Graph], DNV, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/