Business
The ASX sectors hardest hit by COVID-19 in 2020
COVID-19 has dominated 2020, irrevocably disrupting life as we knew it and changing how we live in ways that will arguably become permanent. While hope in the form of a vaccine is on the horizon, 2020 will always be remembered as the year of the pandemic.
We’ve seen our borders close, been confined to our homes, and been forced to discover new means of working, learning, and living. As our priorities shifted suddenly in the face of the pandemic, so too did our spending patterns. This has resulted in increased cash flows towards some sectors of the economy, while others have seen a cash drain.
The Australian share market has largely recovered the ground it lost in the March market crash. The S&P/ASX 200 Index (ASX: XJO) was…
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