This OECD note provides illustrative estimates of the initial direct impact of shutdowns, based on an analysis of sectoral output and consumption patterns across countries and an assumption of common effects within each sector and spending category in all countries. This approach suggests that the initial direct impact of the shutdowns could be a decline in the level of output of between one-fifth to one-quarter in many economies, with consumers’ expenditure potentially dropping by around one-third. Changes of this magnitude would far outweigh anything experienced during the global financial crisis in 2008-09. This broad estimate only covers the initial direct impact in the sectors involved and does not take into account any additional indirect impacts that may arise.
FIS Digital – June 2020
Florida: Opportunities in a crisis
The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.
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Purposeful companies
Is the COVID-19 crisis the paradigm shift needed to redefine business for the 21stcentury and build trust between business and society?
The future of funds management
Given the extreme volatility in markets, the changing global economic risks and policy responses, what is the future of the funds management industry?
Policy responses: investment effects
The crisis has seen unprecedented fiscal and monetary policy responses around the world. So what are the implications for investments?
Global policy responses
How have different governments around the world responded to the health and economic crisis and what are some of the innovative responses that will stimulate the economy and ensure a sustainable recovery?
Global risk outlook
This session examines the rapidly changing risks to the global economy and the need for new ways of behaving, making decisions and even reversing decisions.
FIS 2020: A sustainable recovery?
In our second feature looking ahead to FIS 2020, we highlight how the conference will focus on growing calls for a sustainable recovery and purposeful companies. Nobel prize winner Esther Duflo will talk on solutions to inequality, magnified during the pandemic.
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