Category: Macro*

"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

“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

"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)