Companies are clearing off their portfolios all over the world

By: Trademagazin Date: 2020. 05. 28. 09:40

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Ersnt and Young’s Global Capital Confidence Barometer survey indicates when executives expect the upturn to begin, and what they’re doing to prepare for it.

The Capital Confidence Barometer survey forms part of a wider range of insights on the COVID-19 crisis.

The likelihood of a global downturn was, only a short time ago, a lively discussion among economists. It’s no longer up for debate — we’re now in the midst of an economic shock. But while executives are dealing with the immediate impact of the crisis, they still need to consider when and how the economy is likely to recover so that their organizations can be ready to rebound.

The latest Global Capital Confidence Barometer shows that more than half (54%) of global executives expect a U-shaped recovery — a period of slower economic activity extending into 2021. Most previous pandemics have resulted in a V-shaped recovery, with activity picking up strongly once the initial wave of illness is resolved. That is the current assumption being used by just over a third of respondents in their strategic planning. This would see activity accelerating in late 2020.