Latest update: 09 September 

Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.

The World Economic Forum estimates advanced economies will shrink by 7% and emerging and developing economies will contract by 2.5% in 2020.


Consensus forecast for world GDP growth in 2020 is currently -3.9%.


The Bank of England expects UK unemployment to peak at 7.5 %.

Impact of Covid-19 on GDP growth


Latest update: 15 September 

supply chain concerns


Across all company types and regions, 92% of companies said Covid-19 poses a risk to their imports/exports.


The unproven technology of mRNA vaccines was seen to be the most promising by respondents, with 38% reporting this may offer the best hope of addressing the outbreak.

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

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