Executives almost worldwide are more optimistic about the economy and their own companies’ performance than they have been at any time so far during the coronavirus pandemic, according to a new survey by McKinsey & Company. “More than half of all executives surveyed say economic conditions in their own countries will be better six months…
Just nine orders for commercial aircraft were placed globally in August due to the coronavirus pandemic, making it the lowest for the month on record, according to aerospace trade body ADS. “The figure is a 59% decline in August 2019 and a 91.3% decline in two years ago. Since the start of the crisis in…
The coronavirus pandemic hit Asia first, but its countries including emerging ASEAN—Indonesia, Malaysia, Philippines, Thailand, and Vietnam—have to date recorded considerably lower transmission and fatality rates per capita than other regions in the world. “As of August 20, 2020, transmitted cases per million people stood at approximately 582 across emerging ASEAN countries compared with 16,737…
Lifting coronavirus lockdown restrictions may not by itself be sufficient to restore confidence or growth and economic recovery will start only when the pandemic is under control, according to McKinsey & Company. “The evidence heavily suggests that a multifaceted public-health response that goes well beyond a simple transient lockdown is a necessary first step to…
Executives in North America and developing markets have become less hopeful about their countries’ economies, while Leaders in China and India are growing more upbeat, according to McKinsey & Company. A July survey of more than 2,000 global executives by the global consulting firm highlights the magnitude of the challenges triggered by the coronavirus pandemic,…
The shock wave of the coronavirus is driving technological adoption in unanticipated ways around the globe, transforming societies and economies at a pace that would have seemed unimaginable just a few years ago. In particular, companies enabling communication and exchange of services and goods over distance have seen notable increases in adoption and usage. Fintech…
Brazil has been in the news for all the wrong reasons since the coronavirus began to ravage Latin America’s largest country. At the heart of the controversy is President Jair Bolsonaro who has provoked a hail of criticism from health experts for his opposition to measures aimed at stifling the spread of the virus. Dismissing…
Long before the coronavirus unleashed a massive wave of shock across the world, economists had envisioned several scenarios for a possible recession in Europe. However, few would have thought that some of the largest economies in the world would find themselves at war with a novel virus. The coronavirus has brought economic activities almost to…
Portugal, like many other countries in the world, has not left unscathed by the ongoing coronavirus epidemic, with the social and business landscape being transformed in a manner never seen before. The Portuguese government has put a raft of measures in place to combat the spread of the virus and has announced several initiatives to…
