Since the World Health Organization declared the novel coronavirus a global pandemic in March, nearly everything has changed - affecting both the way people live and the way they work. As a result, the pandemic has caused many countries to establish restrictions on citizens, ranging from curfews to quarantines. Back in January, the IMF expected the global economy to grow by 3.3 percent, but more recent estimates have suggested a shrinkage of close to 5 percent this year. And now, efforts to control the second wave of infection in Europe are likely to further worsen economic outlooks.
When planning ahead, it will be critical for business leaders to consider how their companies need to repair, rethink and reconfigure their operations.
We have created a “COVID-19 Economic scenarios and impact assessment” dashboard that showcases the results of extensive modeling and provides insights on the lockdown’s impact on the overall economy and specific industries. Combining mass data from financial simulations, we have quantified the economic impact on a macro and industry level.
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