And the winners remain China and India

The BECH Index 2020 – Corona version
I am convinced that many have already switched to working remotely and running virtual meetings
and workshops. Refine these working and collaboration skills because they will become hot assets
when the storm is over.
The post-Covid-19 world
It will be a different world on the other side of the Corona-crisis.
Not everything will change, but economically
and politically we will see things from a different perspective.
The Corona-crisis has once more demonstrated and
highlighted how interdependent the world has become.
A bat meets a pangolin and a virus jumps in China.
Soon the European auto industry comes to a halt,
which causes layoffs in other countries. The impact
of government restrictions ripples through the world
economy at lightning speed.
All nations will have paid an extremely high price for
saving as many lives as possible and for relieving the
pressure on their healthcare systems, avoiding the impact
of collateral damage (maintaining the ability to
also help people in urgent need due to non-corona related
issues). Governments will have invested gigantic
amounts of money in keeping their economies afloat.
As we return to normality, they will open their fiscal
policy toolboxes and invest further in accelerating the
surge out of the recession.
These activities will happen at the same time all over the world and will pull the economy out of
recession faster than we have ever seen before. By the beginning of 2021, we will all be busy again
and the Corona-crisis will become a receding memory. However, I am convinced that we will have
changed our values, priorities and some behaviours, too.
Voices have spoken about the need for more autarky, but that will not happen.
The global division of labour, the opening of international markets and the improvement in global
logistics have been the main contributors to economic growth and wealth for all of us. In addition,
the solution to challenges (climate, poverty and wars) the world is facing must be of a global nature.
If anything, the Corona-crisis will stimulate further global collaboration, growth and competition.
Not the opposite.
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