Download GlobalData’s Covid-19 Executive Briefing report
- ECONOMIC IMPACT -
Latest update: 21 October
Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.
The World Trade Organization forecasts the volume of world merchandise trade to shrink by 9.2% in 2020.
The IMF has revised its 2020 global GDP forecast to -4.4% from an estimate of -4.9% made in June.
The global economy is estimated to contract by 4.2% in 2020 and bounce back by 5.3% in 2021.
Impact of Covid-19 on equity indices
- SECTOR IMPACT: PACKAGING -
Latest update: 7 October
The rise of the ecommerce channel is significantly impacting the packaging industry, and suppliers are optimising packaging to be more robust for this channel to meet manufacturer requirements.
Digital tools continue to be used to achieve safety and efficiency. Packaging companies also recognize the continued importance of investing in sustainable supply chain operations.
Packaging impact assesment