Download GlobalData’s Covid-19 Executive Briefing report
- ECONOMIC IMPACT -
Latest update: 20 October
Governments, led by the EU, are focusing on a sustainable economic recovery but developing countries have made fewer efforts to divert stimulus towards green initiatives
The price of oil is expected to rise amid signs of a strong recovery, particularly in the US
In an October survey of 3,170 employees, almost 45% reported an increase in their productivity when working from home
The IMF has forecast that global growth for 2021 will be 5.9%, a slip of 0.1 percentage points from its July estimate
A V-shaped recovery is expected in most G20 markets this year, while the G7 economies will see their bounceback rates vary as 2021 draws to a close
- PACKAGING SECTOR IMPACT -
Latest update: 3 November
Uncertainty remains around how long social distancing measures will remain in place. Consequently, production rates will be slow to return to pre-pandemic levels.
Supply chain challenges mean packaging manufacturers will reduce their reliance on any one country for materials. Focus could instead turn to domestic suppliers.
Packaging sub-sector impact