Global Biofuels Market Outlook

sudeep — Wed, 10 Jun 2020 09:02:24 +0000

Due to the ongoing pandemic, stay-at-home measures are keeping vehicles off the road, cutting the demand for biofuel drastically. But as economies are unchaining and people are starting to settle down in post-pandemic life, they will most likely avoid mass transportation. People who own private vehicles would likely go solo hence the demand for biofuels will be back on track.

In this blog post, we will be covering the impact of COVID-19 on biofuel industry along with other topics mentioned below.

Biofuel Introduction
Biofuel Market Drivers and Inhibitors
Top Ethanol Producing Companies
Overall Biofuel Market Forecast in USD Billion
Global Ethanol Production in 2014-2025
Impact of COVID-19 on Global Biofuel Market

1. Biofuel Introduction

A biofuel is a hydrocarbon made from/by living organisms. In general, it is defined as any hydrocarbon fuel produced from organic matter (something living or was once living) in a short period of time. This is in contrast to fossil fuels which take millions of years to form.

Some examples of biofuels can be listed below –

•   Ethanol – produces half the energy per mass of gasoline, burns cleaner but produces more ozone than gasoline. Engines need to be modified to run on Ethanol.
•   Biodiesel – Corrosive to engine parts and provides slightly less energy than regular diesel. Burns cleaner as compared to diesel producing fewer sulfur compounds.
•   Methanol – Produces 33% to 50% of the energy as compared to the same mass of methane.

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Economic Impact of COVID-19 on Czech Republic and its Policy Response

ambarish — Wed, 10 Jun 2020 06:49:32 +0000

Czech Republic has one of the highest GDP growth rates and lowest unemployment levels in the European Union. Despite this, Czech Republic economy is expected to be adversely affected by COVID-19 pandemic in 2020. The real gross domestic product (GDP) of Czech Republic is expected to shrink, unemployment level to increase and current account balance to continue its negative growth due to COVID-19 this year. As of 10^th June 2020, Czech Republic had 9751 confirmed COVID-19 cases out of which 7053 people have recovered from the disease while 328 have lost their lives.

In this blog post we will be covering economic impact of COVID-19 pandemic alongwith the containment, social, fiscal, monetary and employment related policies of Czech Republic under following sections –

Impact of COVID-19 on Czech Republic Economy in 2020
COVID-19 Containment Measures of Czech Republic
COVID-19 Related Fiscal Policy Measures by Czech Republic
COVID-19 Related Monetary Policy Measures by Czech Republic
COVID-19 Related Employment Policy Measures by Czech Republic
COVID-19 Related Social Policy Measures by Czech Republic

We have covered various macroeconomic factors and PESTLE, SWOT and risk analysis for Czech Republic in separate 91��Ƭ�� reports.

1. Impact of COVID-19 on Czech Republic Economy in 2020

Czech Republic’s real gross domestic product (GDP) was CZK 4859.79 billion in 2019 and due to COVID-19 outbreak it is estimated to shrink by 6.5% to be around CZK 4543.90 billion in 2020.

Czech Republic’s unemployment rate was 2.001% of total labor force in 2019. Due to slowdown in global economic activity due to COVID-19 pandemic the unemployment is expected to increase by 73.32% and reach 7.5% in 2020.

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