COVID-19: global recovery

Recovery from the worldwide economic crisis brought about by the coronavirus (COVID-19) pandemic will be piece-meal but informed by initiatives from around the world. While national government schemes will continue to support economies during the immediate crisis, international action will help shape the recovery. Here we track those regional, national and supra-national activities.

A crisis with a legacy Economic Insight

Highlights...

Chart of the week: pre-Spring Statement debt forecast

This week’s chart reviews the sharp increase in the national debt to GDP ratio as we reflect on the challenges facing Chancellor Rishi Sunak.

Article Viewpoints March 2022 17 March 2022

Ukraine crisis: the economists’ view

Four economists give their views on the conflict in Ukraine, Russian sanctions, and how the world’s economy will be affected in the longer term.

Article Viewpoints March 2022 16 March 2022

Deloitte assesses the global economic effect of the Ukraine crisis

From economy-crippling sanctions to hiked commodity prices, Deloitte economists consider the economic ripple effect from Russia’s invasion of Ukraine.

Article Viewpoints March 2022 08 March 2022

Diversify markets and innovate systems to thrive in 2022

ICAEW’s latest Business Confidence Monitor lays the path for a complex year ahead for some manufacturers, with staff shortages, tax burdens and government support difficulties all highlighted as bumps in the road.

Article Viewpoints February 2022 25 February 2022

Regulation

Updates on regulation at both a global and national level; and the impact on the speed of recovery.

Business Rescue

Conversations are intrinsic to business rescue. Be they with a chartered accountant, a bank, HMRC or any other trusteed individual, business restructuring, refinancing and recovery depend upon communication.

Business and markets

News on the market response to the crisis, the impacts of that response and the repercussions around the world.

Biodiversity

Over half the world’s GPD is moderately or highly dependent on biodiversity (OECD). How can we integrate biodiversity considerations into government policy and corporate strategy?

Sustainable recovery

COVID-19 has given us the opportunity to build back better, and for the profession to participate in a green and fair recovery.

Energy Transition

The move from fossil fuels to renewable energy and what it means for the world economies.

Global trade

What initiatives around global trade are taking shape as we emerge from crisis planning and into recovery?

Fiscal policy

Which emergency COVD-19 initiatives have been implemented by national governments around the world and what are their impacts?

Infrastructure and Recovery

Where does infrastructure investment fit into recovery and what societal, environmental, business and trade benefits may result?

International tax

Which tax issues have surfaced at a global level during the crisis and what discussions might they prompt as we enter recovery?

Evaluating going concern

Going concern is the fundamental assumption that an entity will continue to operate in the foreseeable future: a key concern during COVID-19.