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Updates and support on Covid-19
Get our latest news and insights on the Covid-19 crisis.
Access the latest updates from our Economic Research team on the consequences of Covid-19 around the world.
How is Covid-19 impacting the global economy? Have a look at our 6 key figures to find out.
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Latest Economic Research Updates on Covid-19
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Q2 GDP releases: The size of the Covid-19 crater
31 July
Q2 GDP figures confirm the expected historic slump in economic activity in the Eurozone and the U.S.
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Close to 150 large companies went bust in Q2 2020
29 July
The cumulative turnover of insolvent major companies also surged to EUR106.9bn (+155% q/q and +138% y/y).
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Covid-19 to increase firms’ liquidity needs to a record USD8tn as payment delays and inventories surge
27 July
The prolonged supply-chain disruption likely due to future targeted lockdowns and companies’ precautionary stockpiling will push inventories up in H2 2020.
(De)Quarantining the World
In these five episodes, our economists analyze what Covid-19 means for global growth, trade and markets, and explain how the global economy could emerge from this unprecedented shock.
6 key figures about the impact of Covid-19 on the global economy
-4.7%
Expected global GDP contraction in 2020
Expected global GDP contraction in 2020
-15%
Forecast for decline in global trade of goods and services in volume in 2020
Forecast for decline in global trade of goods and services in volume in 2020
USD4.5tn
Global export losses in 2020
Global export losses in 2020
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
+35%
Forecast for rise in global insolvencies in 2020-2021.
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Euler Hermes rocks for charity
Over 50 of our employees from 18 countries came together whilst in lockdown to create a music video from their homes. In return for the 'likes' the video receives on our social media channels, we will donate to the WHO Covid-19 relief fund. This will support globally those suffering from the impacts of Covid-19 and will help to find and distribute a vaccine. Discover the video and enjoy our virtual orchestra…
