Execute on strategic growth, partner and M&A ambitions
Workforce & strategy: A priority for CEOs as they work with CHROs and CSOs to prepare and manage business continuity during crisis
Using economics to understand the impact of COVID-19
Assessing how the crisis may unfold
Notwithstanding the UN trade agency estimates that COVID-19 is likely to cost the global economy $1 trillion during 2020, it is difficult to assess at this stage what the actual economic impact might be. There is, however, a demand for comment on the current economic impact of the outbreak and expectations for the future at a macro level as well as at the level of individual organizations. This article discusses the larger economic questions companies should be considering and what economic capabilities they can use to answer them.
Topics covered in this article:
- Economic questions that need to be top of mind for organizations, such as what scenarios are there for future growth, how will the crisis impact global supply chains, and what kinds of government interventions can help the economy.
- What kinds of economic tools companies can use to assess how the crisis may unfold, including scenario planning and historical data and patterns.
- The role fiscal and monetary policies can play in economic recovery.