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Post-Covid-19 Economy

Insight into Post-Covid-19 Economy


James Manyika - Chairman and director of the McKinsey Global Institute

“Over the past two decades, in advanced economies, responsibility has generally shifted from institutions to individuals. Yet health systems are being tested and often found wanting, while benefits from paid sick leave to universal basic income are getting a second look. There is potential for a long-term shift in how institutions support people, through safety nets and a more inclusive social contract.

As history has shown, choices made during crises can shape the world for decades to come. What will remain critical is the need for collective action to build economies that deliver inclusive economic growth, prosperity, and safety for all."

Saadia Zahidi - Managing director of the World Economic Forum

“The crisis has devastated lives and livelihoods. It has triggered an economic crisis with far-reaching implications and revealed the inadequacies of the past "Leaders must work with each other and with all sectors of society to tackle emerging known risks and build resilience against the unknown."

Jean Saldanha - Director of the European Network on Debt and Development

“Power imbalances in global institutions must also be corrected to give fair recognition to the needs and rights of the two-thirds of the world’s population who reside in the Global South."

Vivek Murthy - served as the 19th Surgeon General of the United States from 2014 to 2017.

“I think that this could be an extraordinary opportunity for us to step back and ask ourselves if we’re leading the kind of lives that we really want to lead. This is our chance to ask ourselves where people fit in our priority list and whether there’s a gap between our stated priorities and our lived priorities."

Ira Kalish - Chief Global Economist of Deloitte Touche Tohmatsu Ltd

“There has been a point of view that there is a choice between suppressing the virus and having a robust economy. My view is that, it’s a false choice."

Daniel Susskind - Fellow in economics at Balliol College, Oxford University, and author of A World Without Work.

“What will the world look like after COVID-19? Many of the problems we will face in the next decade will simply be more extreme versions of those that we already confront today. The world will only look significantly different this time if, as we emerge from this crisis, we decide to take action to resolve these problems and bring about fundamental change."

James Meadway - Economist

“The correct Covid-19 response isn’t a wartime economy – with massive upscaling of production. Rather, we need an “anti-wartime” economy and a massive scaling back of production. And if we want to be more resilient to pandemics in the future (and to avoid the worst of climate change) we need a system capable of scaling back production in a way that doesn't mean loss of livelihood."

António Guterres - United Nations Secretary-General

“This is not a financial crisis. This is a human crisis. This is not a question of just bringing liquidity to the financial systems, which, of course, is necessary. We need to support directly those that lose their jobs, those that lose their salaries, the small companies that cannot operate anymore, all those that are the fabrics of our societies, and we need to make sure that we keep thousands afloat, we keep small companies afloat, we keep all societies afloat."

Angel Gurría - OECD secretary general

“Even if you don't get a worldwide recession, you're going to get either no growth or negative growth in many of the economies of the world, including some of the larger ones, and therefore you're going to get not only low growth this year, but also it's going to take longer to pick up in the in the future.

And the reason is that we don't know how much it's going to take to fix the unemployment because we don't know how many people are going to end up unemployed. We also don't know how much it's going to take to fix the hundreds of thousands of small and medium enterprises who are already suffering."

David McWilliams - Economist, writer, and journalist

“Sometimes when you hit the economy with a shock, people sit down and say ‘hold on a second, what do we do’. And people become incredibly innovative and creative after a shock, because it’s the mother of all invention. It’s necessary."

Alex Gorsky - Chairman and CEO of Johnson & Johnson

“Every business leader in some way is going to be a health care leader going forward."


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