How the Covid-19 Crisis is Causing a Demand-driven Recession

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Crisis Management (Contingency Planning) > Forum > How the Covid-19 Crisis is Causing a Demand-driven Recession

How the Covid-19 Crisis is Causing a Demand-driven Recession
Hira Aziz, Pakistan, Premium Member
The Covid-19 pandemic initially brought a health challenge for the world and has become a health crisis for countries with a weak health management system. With the largest death rates since previous endemics, COVID-19 has created panic in the world. As a result, it does not only create the health crisis, but it also hit the global economy badly which is expected to lead to the deepest recession in decades. Emerging markets and developing economies as well as advanced economies are facing a steep recession. According to a World Bank report "Global Economic Prospects," the baseline forecast of the GDP of the global economy is a sharp decline of 5.2% in 2020. Beyond that, it is very hard to predict the exact amount of human and economic loss from this novel coronavirus, because of the uncertainty on how things will evolve. Amongst all this misery, it's interesting to at least understand why the COVID-19 recession is fundamentally causing a demand-driven recession. According to Keynesi (...) Read more? Sign up for free 11-6-2020

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Special Interest Group Leader
Michael Norris
Director

Crisis Management (Contingency Planning)
Summary
Forum
7 Key Challenges of Crisis Leadership
Coronavirus disease (COVID-19): What Can You Do?
Measures by Companies Against the Covid-19 / Corona Virus
How the Covid-19 Crisis is Causing a Demand-driven Recession
🔥Leadership Lessons in Times of Crisis (Pandemic)
Best Practices
🥇Types of Crises: Sudden / Smoldering
🥈Win the race to disclosure
🥉Strategy versus Risk and Crisis Management
What Managerial Competencies are Required to Tackle an Organizational Crisis?
Common Errors Leaders Make during Crises
Statistics on Business Continuity
Why Contingency Planning? Importance and Benefits
How to Deal with Crises Situations in an Organisation
Execution in Crisis Management
How to deal with the Media in a Crisis?
Crisisology as a Discipline
GIS Emergency Management
Why did Nobody Prepare for the Current Crisis?
Definition of Economic Crisis
Combine Contingency Planning with SWOT Analysis
How Often Should Contingency Planning Be Performed? Frequency
International Association of Emergency Managers
Steps in Case of a Product Quality Crisis
Preparing Execution of Contingency Plan
Understanding Scenarios and Consequences in Contingency Planning
How to Develop an Exercise Program for the Emergency Plan?
Crisis Management Software


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