- According to Johns Hopkins University data, by 30 June 2020, COVID-19 had infected more than 10 million people and claimed almost 400,000 lives. The pandemic forced governments to impose rigid lockdowns that essentially shut down the worldwide economy for many months. With the exception of India and China, all major economies are expected to shrink this year. Unemployment levels have increased at jaw-dropping rates.
- The COVID-19 recession has not been caused by a demand shock, rather, it is a policy-driven supply shock designed to save people’s lives. Consequently, the strategies - of governments and companies - that will be used in the economic recovery could be different from previous recessions.
- Despite the substantial uncertainty regarding the economic downturn, this could well be the first recovery with a focus on sustainability. The human cost of COVID-19 extends beyond infection and into the broader economy. Companies that ignore social, environmental and governance issues could face significant customer backlash. Governments are already showing signs that sustainability - particularly green energy - will feature strongly in stimulus programs.
- The way we live our lives has been changed permanently. However, the extent to which human life will change will be affected by two competing factors: the longevity of COVID-19’s presence and the speed with which a vaccine is developed. Most enterprises successfully transitioned to work from home; few will revert back to pre-COVID-19 practices.
Reasons to Buy
- Up-to-date insights on the performance of major economies.
- Updates on high frequency macroeconomic indicators such as GDP, inflation, business confidence, consumer confidence, industrial production, and equity markets.
- In-depth analysis of the economic performance of the world’s largest economies.
- Can be used as a strategic tool to understand market dynamics, business potential and direction of operations in the economy.
Table of Contents
- Lockdown restrictions and stimulus measures brief
- Macroeconomic indicators trend and forecast
- Country analysis