Covid-19 and the global business climate

From the Economist, this chart shows the estimated impact of covid-19 crisis on economic output by sector, using the data from the International Labour Organisation (ILO).

The International Labour Organisation estimates that industries in which the risk of lay-offs or furloughs is high employ 1.25bn people. The exit from lockdowns will be halting and precarious. And the calamity will have lasting effects, accelerating existing trends: the adoption of new technology; a rethinking of global supply chains; and the rise of well-connected oligopolies. Big companies are better placed not only to survive the crisis but to tap governments for support.

Published by Yangki

Founder Made by Suara https://madebysuara.com

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