Covid-19 Executive Briefing
Understanding the economic impact of the Covid-19 pandemic and the implications for the healthcare sector
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- ECONOMIC IMPACT -
Latest update: 16 June
Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.
Global foreign direct investment flows are forecast to fall by up to 40% in 2020, from a value of $1.54tn in 2019, according to UNCTAD.
-4.8%
HSBC revised its global economic growth forecast for 2020 to -4.8% in May from -3.3% in April.
$8.5tn
Global economic output will fall by $8.5tn over the next two years, according to the United Nations World Economic Situation and Prospects report
Impact of Covid-19 on asset prices
- SECTOR IMPACT: PHARMA -
Latest update: 16 June
Clinical trial market impact
583
The number of pharma/biotech companies and CROs associated with disrupted clinical trials.
12-18
Vaccine candidates using classic technology will likely take at least 12-18 months to develop but DNA or mRNA vaccines could be shorter.
Patient Access to Services
Telemedicine is becoming a critical tool for patient management as patient office visits decline. Hospitals are also seeing a significant drop in visits for illnesses such as heart attacks, severe abdominal pain and strokes, likely due to patient fears of contracting Covid-19.
Key pharma market developments