Coronavirus impact on world’s economy is enormous and Bain Macro Trends Group provide updated The Situational Threat Report Index (SITREP). This index is based on combining official data and modeling to evaluate coronavirus effect on global business. Index consist 10 levels (level 0= thread is negligible or has passed, level 10= severe global recessionary conditions lasting for a prolonged period). Currently index of level 7 which represents severe multiquater economic impact in multiple markets.
As of April 16, 2020, there are more than 2.2 million confirmed cases of Covid-19 around the world. Pandemic affected social and structural macroeconomic damage. Central banks and governments reacted fast and avoided long-lasting financial damage. Countries lockdown and quarantines resulted in a 40% to 50% decline in economic activities. Expected that majority of economics will be in recession except China and India.
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