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Global Economics Intelligence executive summary

McKinsey & Company – 10 Aug 2020 The US economy experienced a record-breaking GDP contraction of –9.5% (year over year) in the second quarter of 2020 (–32.9% annualized). Many analysts expect positive growth in the third quarter, stemming from partial reopening, but a continued surge of COVID-19 cases could halt further expansion. In terms of pandemic…

Mongolia’s success and challenges against COVID-19

The COVID-19 pandemic will go down in history because of the extraordinary impact it has had on health, the economy and people’s lives across the world. Mongolia is no exception and sound government policy is essential to steer it through the next phase of the crisis. Despite its proximity to China and close ties with…

Reimagining the $9 trillion tourism economy—what will it take?

Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion, nearly three times larger than agriculture. But, the tourism value chain is fragmented, with limited coordination among SMEs and governments have generally played a limited role in the industry. COVID-19 has caused an unprecedented crisis for the tourism industry: international…

Emerging Economies Should Build Back Greener

COVID-19 pandemic has forced us to stop and think about our impact on the planet, and to imagine the kind of world we want. There is still time for governments in the developing world to plan for a green recovery and encourage the development of business activity, which would also help many of them address…

The future of Asia: Decoding the value and performance of corporate Asia

COVID-19 crisis is an unprecedented global challenge to public-health and  a major disruption to supply chains threatening long-standing business practices. But the dynamism, speed, and agility of companies in Asia have given the region resilience. Corporations in Asia have grown rapidly and risen to global prominence over the past decade. However, bigger has not always meant…

Make it better, not just safer: The opportunity to reinvent travel

The desire to build memories, to connect with people, and to see new places drove 1.4 billion of us to travel internationally in 2019. Creating safer travel experiences is now paramount to protect this privilege. Now is clearly a moment of crisis for the travel industry. Available seat miles on US airlines were down 71 percent…

The Tragedy of Vaccine Nationalism – Only Cooperation Can End the Pandemic

By early July, there were 160 candidate vaccines against the new coronavirus in development, with 21 in clinical trials. Although it will be months, at least, before one or more of those candidates has been proved to be safe and effective and is ready to be delivered, countries that manufacture vaccines (and wealthy ones that do not)…

Resetting supply chains for the next normal

At the height of the COVID-19 pandemic, bare supermarket shelves and worldwide shortages of critical personal protective equipment made supply chains headline news. Across industries, companies had little time to address logistics disruptions, shortages of parts and materials, and sudden swings in demand. That required many organizations to rewire their supply chains at short notice—all while…

The unexpected trip: The future of mobility in India beyond COVID-19

COVID-19 has presented India with an unprecedented economic, humanitarian, and healthcare challenge. The lockdown measures have helped contain the spread of the coronavirus but exacted an immense economic toll, with economists now predicting that the country’s gross domestic product will shrink between 1.5 percent and 5 percent during the 2021 fiscal year. On the business side,…