Coronavirus (Covid-19) is affecting global economies, like none that the world has ever seen thus far, and it could possibly be a permanent change in work strategies and even the way of life. Economic crisis related to the covid-19 is expected to create more critical global economic impact than any previous financial crisis, and countries and businesses will have to chart out new courses and directions.
The economic and financial consequences are currently being dissected and evaluated. Governments have pumped in trillions of dollars to counter the present challenge but these activities may not assure a safe landing for the economies. Businesses (SMEs) must start planning dynamically, now, for a range of outcomes, preparing for the worst and hoping for the best.
We know that ‘Change is the constant’ and the world stays changed after this epic crisis! As equations change, be relevant, as even this phase too will pass. COVID19 will be overcome and do not allow it to overcome us for lack of our response.
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