While this list is fairly complete, some companies are taking other steps. However, we have seen proof that many firms are finding it exhausting to get the main actions right. The financial system suffers important distress, but a full-scale banking crisis is averted because of banks’ sturdy capitalization and the macroprudential supervision now in place. Fiscal and financial-policy responses prove inadequate to interrupt the downward spiral.
Some companies aren’t thinking via the second-order results of their policies. For instance, a ban on travel without a concomitant work-from-residence policy could make the workplace very crowded, resulting in higher danger of transmission. Others are adopting company-broad policies without pondering via the wants of every location and every employee section. Exponential case-count progress is hard to internalize except you’ve skilled it before.
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It takes until Q4 for European and US economies to see a genuine restoration. Based on … Read More