After the last few years, multinationals are no strangers to volatility in global markets. 2019 was a turbulent year for the global economy – between upheaval in the UK over Brexit, increasing tension between the US and China, and political unrest in Latin America, uncertainty abounds into 2020 and beyond.
The sudden outbreak of the coronavirus (COVID-19) has led to a significant downward revision to our China growth forecasts, which will have ripple effects across the global economy. There have already been over 89,000 confirmed cases of COVID-19 globally, claiming more than 3,000 lives. Most of the outbreak (over 80,000) has occurred in mainland China (especially in Hubei province), but the virus has also begun to spread across the globe, raising alarms. Growing concerns over the rate of growth in China and India have led to jitters for multinationals in Asia Pacific, though growth is expected to remain high compared to other regions. Download our Global Leadership Briefing executive summary for the latest information on coronavirus and how businesses can prepare.
Should multinationals expect more of the same this year?
The outlook for 2020
Every year, DuckerFrontier’s Global Economics and Scenarios team puts together an outlook for the global economy to help executives prepare. With uncertainty around coronavirus and the potential economic impacts, firms need to adjust 2020 plans & prepare contingency plans to succeed. Here’s a look at what our experts are predicting:
The Global Outlook can help you identify the opportunities to win in 2020 and arm you with the insights and best practices to prepare your company for 2021. To learn more, download the Global Outlook Executive Summary.
*Editor’s note: This page was updated on March 5, 2020 to reflect current trends and changes in the global outlook. For our latest views on coronavirus and what’s in store for 2020, purchase a copy of the Global Leadership Briefing on our online store or download the executive summary.