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Title Economic research
URL https://kpmg.com/ng/en/home/insights/2020/03/covid-19--economic-impact---pandemic-planning.html
Category Finance and Money --> Accounting and Planning
Meta Keywords Business in Nigeria
Meta Description For a detailed analysis of the economic impact and strategic planning in response to COVID-19, click to download and read more on COVID-19: Economic Research, Impact & Planning.
Owner kpmg
Description
COVID-19: Economic Research, Impact & Planning Economic Research The COVID-19 pandemic has triggered a global health crisis with profound economic implications. As businesses worldwide, including those in Nigeria, grapple with the effects, the need for comprehensive economic research has never been more critical. The pandemic’s impact extends beyond health, significantly affecting commercial activities and economic stability on a global scale. The virus's reach is borderless, causing widespread disruptions. Recent assessments reveal that 94 percent of Fortune 1000 companies and many businesses in Nigeria have already encountered substantial interruptions due to COVID-19. While we anticipate that, like previous outbreaks such as Ebola, Zika, and SARS, the immediate health threat of COVID-19 will eventually diminish, its socioeconomic ramifications are expected to linger.