Potential Impact of Covid-19?

As we sift through all of the data and information out there- I found this to be a helpful and interesting resource.  This was provided by Compass as ready made material- so I can't take credit for it- but I wanted to get it out there- and I wanted to ask- what do you think?   "What will be the Economic Impact of the COVID-19 Crisis?

On April 28th, McKinsey & Company's Global Managing Partner, Kevin Sneader appeared on CNBC to discuss how his firm is advising multiple governors on when and how to reopen their states. In his words, the decision hinges on one question: how do you  reconcile the saving of lives with the safeguarding of livelihood?  There's no easy answer. And with 70% of the US workforce unable to do their jobs from home, states need to consider how to make sure there is enough PPE, testing and contact-tracing in place to be confident that once they reopen, they won't have to shut down again.

How This Could Unfold

A recent survey of over 2,000 global executives showed that many expect the recovery to look like one of the scenarios shaded in blue below (A1–A4) which lead to a V- or U-shaped recovery. In each of these, the COVID-19 spread is eventually controlled, and catastrophic structural economic damage is avoided.  Almost one third of these leaders anticipate a muted world recovery where US GDP could drop 35-40% in Q2 of 2020 and won't return to pre-crisis levels until Q1 of 2023 (A1). A slightly more optimistic outlook was the second most anticipated scenario, reflecting  virus containment by mid-Q2 of 2020 with an economic rebound following Q2 2020 (A3). [Source: McKinsey] Which Sectors are being  Hit the Hardest? 1.    Commercial Aerospace       May take years to recover from production and              supply chain shortages 2.   Consumer Air & Travel       Domestic recovery is likely to recover faster than            international travel 3.   Oil & Gas      Oil price decline driven by short-term demand               impact and OPEC+ decision to increase supply 4.   Insurance Carriers       Reduced interest rates and investment                          performance impacting returns 5.    Automotive        Trade tensions and declining sales amplified by              acute decline in global demand"