These are strange times indeed. Businesses and their employees are suffering. What’s becoming increasingly clear is that the Covid-19 pandemic will hit economic activity substantially in the UK and around the world.
And since the nature of this economic shock is different to anything that we’ve experienced in the past, the most intense period of disruption will be temporary. As we get beyond the peak of the pandemic, we should see activity rebound.
However, the extent of the hit to the economy in the near-term is very unclear. It’s apparent already that some sectors are seeing significant disruption, and businesses and their workers across the economy are having to adapt to the new operating environment.
Take a look at our economic snapshot of what’s happening right now.