The COVID-19 pandemic continues to pose a significant threat to the livelihoods of millions of individuals and organizations across the globe. With more European governments re-imposing new social measures to stem the rapid infection rates, many fear that this could extinguish any hope of a swift economic recovery. According to the latest figures from the International Monetary Fund (IMF), global GDP might shrink by as much as 4% this year. As a result, many financial institutions in Europe and the US have started to stockpile large sums of loan’s provision to withstand the deteriorating economic outlook.
Read the full article at: www.accenture.com