X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As Covid-19 spread around the world this spring and governments locked down their economies to slow the virus, both advanced and emerging-market economies suffered greatly. These lockdowns prevented nonessential businesses—such as restaurants, barbershops, and sports and arts venues—from opening their doors for an indeterminate period of time. They also prohibited many employees from traveling to work, even if working from home was not an option. As a result, a large swath of businesses, including many factories, were not able to operate.

This created a supply-side shock, as products and services could not be produced. On top of that, demand fell as workers lost their income and economic uncertainty climbed. Precautionary savings rose. Consumption fell. Businesses, facing lower demand and higher uncertainty, reduced capital expenditures. Falling equity prices exacerbated the situation, restricting financing opportunities. Indeed, even demand for many products and services that could still be produced in lockdown fell precipitously.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.