"Systemic shifts require collective intent - something that is still scarce in business communities across the globe. The COVID-19 pandemic has suddenly changed that, and has created the necessary conditions for collective intent. The human race is at a crossroads, and the choices we make now will define future generations and their way of life."
WEF
Category: Macro*
“The economy is not a machine that can be simply turned ‘on’ and ‘off’. It is a complex system, dependent on billions of relationships that are falling apart.” So opens Reopening Britain, a new paper released today by the Adam Smith Institute.
The Entrepreneurs Network
Minus 3
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, says Gita Gopinath, chief economist of the International Monetary Fund.
Covid-19: how bad will it be for the economy? | The Economist
With economies in turmoil, how bad will the damage be?
"As of late Tuesday, more than 5,000 startup employees are out of a job as the coronavirus wreaks havoc on the economy. (…) For now, the layoffs are affecting largely companies with a high cash-burn rate (...) or companies that haven’t raised money in the last year or two (...) and thus lack a big cash cushion, or both. But many industry watchers expect the job cuts to spread as the lockdown continues."
(Source: Bloomberg)
The Class-Struggle Thriller That Made History [TRAILER]
Parasite wins. “Hooray for the good taste of Hollywood,” The Guardian Writes.
The Gen Z Challenge
Nine in ten Generation Z consumers believe that companies have a responsibility to address environmental and social issues. What are the implications for all of us?
