Updates and support on Covid-19

Get our latest news and insights on the Covid-19 crisis.

Sep 03, 2020

A word from our CEO

Wilfried Verstraete shares the economic picture ahead and what our teams are doing to support our customers and partners to connect the dots and act early.

Read his letter

A message from our CEO

Dear Valued Business Partners,

I hope you and your families are safe and in good health. We are all experiencing challenging and unique times. Our team has adapted to working remotely. However, we are missing the daily routine of [.....]

Latest Economic Research Analysis on COVID-19

November 02, 2020 •

Episode 6: Emerging Europe in 2020-21

With supportive monetary and fiscal policies, some countries in Emerging Europe will recover faster than others. Find out more in this episode with Senior Economist Manfred Stamer.

November 01, 2020 •

Episode 5: China in 2020-21

China’s economic recovery has been uneven but surprisingly resilient. Senior Economist Françoise Huang explains our outlook.

October 31, 2020 •

Episode 4: Spain in 2020-21

Is Spain the new problem child of Europe? Discover the next episode of our video series with Economist Georges Dib.

October 28, 2020 •

Episode 3: France in 2020-21

By the end of this year, the Covid-19 crisis could cause 1 million job losses in France. To boost the economic recovery, the French government has announced a EUR100bn stimulus package, which amounts to about 4.3% of GDP. But the positive effects of its measures could take a long time to materialize. Discover our full outlook for France in this video with Senior Economist Selin Ozyurt.

October 27, 2020 •

Episode 2: The UK in 2020-21

What does 2021 hold for the UK economy? Watch this episode with Head of Macroeconomic Research Ana Boata.

October 27, 2020 •

Episode 1: The U.S. in 2020-21

Is the U.S. economic recovery heading for a slowdown? Watch the first episode of our new video series on the impact of Covid-19 with Head of Economic Research Alexis Garatti.

July 10, 2020 •

Episode 1 - The most severe recession of the century

How will the global economy emerge from the most severe recession of the century? Discover the first episode of our new video series on Covid-19 with Head of Economic Research Alexis Garatti.

July 09, 2020 •

Episode 2 - Global trade just can't catch a break

What's the cost of Covid-19 for global trade, and could it spark the return of old-school protectionism? Watch our Economist Georges Dib in the second episode of our new series.

July 08, 2020 •

Episode 3 - Extraordinary policies for extraordinary times

The Covid-19 crisis has forced governments to resort to extraordinary policies for extraordinary times. Are they paying off? Watch episode 3 of our new series with Head of Macroeconomic Research Ana Boata.

6 key figures about the impact of Covid-19 on the global economy

-3.3%
Global GDP growth forecast for 2020, the slowest pace since 2009

– 15%

Forecast for decline in global trade of goods and services in volume in 2020

USD 3500 bn

Loss of global trade due to containment measures

65 million

Jobs requiring social assistance in the EU from Covid-19 related lockdowns

13,000

SMEs and midcaps at risk of bankruptcy in the Eurozone, with an average turnover of EUR40mn at risk

+20%

Forecast for rise in global insolvencies in 2020, (+7% increase in the US, a +15% rise in China and a +16% surge in Europe)

Covid-19: Quarantined Economics

Watch the presentation by Alexis Garatti, Head of Economic Research at Euler Hermes, who talks about the impact of Covid-19 on the global economy.

Download the presentation

Covid-19: Quarantined Economics 1 MB

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