A Closer Look

COVID – Scenarios of the economic impact

Amid the fast-moving pandemic and the policy responses, economic forecasting has become an unusually uncertain enterprise. The Organisation for Economic Co-operation and Development, for example, canceled the March release of its forward-looking composite leading indicator. Forecasts in this period must be looked upon with robust skepticism. Moody’s Investors Service, one of the most respected forecasting agencies, cut its 2020 GDP-growth estimate for India to 5.3 percent on March 17 because of the expected effects of the pandemic. Ten days later, it cut the estimate to 2.5 percent. The McKinsey Global Institute has taken a different approach, developing scenarios that help conceptualize the course of the pandemic and potential paths to public-health and economic recovery (Exhibit 3). The scenarios consolidate assumptions into a range of estimates of the GDP impact of lockdowns on consumption and economic activity.

Chosen excerpts by Job Market Monitor. Read the whole story @ The economic impact of coronavirus | McKinsey


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: