COVID-19: global recovery

Recovery from the worldwide economic crisis brought about by the coronavirus (COVID-19) pandemic will be piece-meal but informed by initiatives from around the world. While national government schemes will continue to support economies during the immediate crisis, international action will help shape the recovery. Here we track those regional, national and supra-national activities.

A crisis with a legacy Economic Insight

Highlights...

Diplomats are business, trade and climate champions too

21 December 2020: The key is responsible growth, insists Kenan Poleo, HM Deputy Trade Commissioner for Europe

Article Viewpoints December 2020 18 December 2020

2020/21 Reporting Season: annual reporting? Hong Kong has already been through it

10 December 2020: "We in Hong Kong did the 31 December 2019 reporting season in the middle of COVID. There were some very interesting learning points,” says Andrew Weir.

Article Viewpoints December 2020 10 December 2020

People and Planet in the Accounts: our wake-up call is here. It's time to act

30 November 2020: The momentum for recognising the environment as a business issue has come to a head, says ICAEW's Technical Thought Leadership Director Richard Spencer and Capitals Coalition CEO Mark Gough.

Article Viewpoints November 2020 27 November 2020

People and Planet in the Accounts: the future is as important as the present

30 November: “We must act today because the cost of doing so tomorrow will be greater than it is now, and the scale of the issue we will face will have increased.” This is the view of Professor Richard Murphy FCA.

Article Viewpoints November 2020 27 November 2020

Government action, regulation, and business and markets

Government action

News and views on national government actions to support the recovery and lead nations out of the crisis.

Regulation

Updates on regulation at both a global and national level; and the impact on the speed of recovery.

Business and markets

News on the market response to the crisis, the impacts of that response and the repercussions around the world.

Accountancy's role in global recovery

Fundraising

Funding recovery when government support comes to an end will be key; and accessing debt and equity markets will take time and preparation.

Sustainable recovery

COVID-19 has given us the opportunity to build back better, and for the profession to participate in a green and fair recovery.

Evaluating going concern

Going concern is the fundamental assumption that an entity will continue to operate in the foreseeable future: a key concern during COVID-19.

International management

Just-in-time, Lean, cash-flow, supply-chains – all have come under scrutiny. Which management techniques have been robust enough?

International technology

What technologies have come to the fore as enablers of international business and practice, and how do they cope with crime?

Fiscal policy

Which emergency COVD-19 initiatives have been implemented by national governments around the world and what are their impacts?

International tax

Which tax issues have surfaced at a global level during the crisis and what discussions might they prompt as we enter recovery?

Global trade

What initiatives around global trade are taking shape as we emerge from crisis planning and into recovery?

Free recovery advice for business

ICAEW Chartered Accountants have been at the forefront of helping small businesses through coronavirus and are now at the heart of an initiative supported by the Government's Department for Business, Energy & Industrial Strategy. The Recovery Advice for Business scheme gives small firms access to free, one-to-one advice with an expert adviser to help them through the coronavirus pandemic and to prepare for long-term recovery. Advice offered will include bespoke, specialist assistance from accountancy, legal, and advertising to marketing, recruitment and digital.

Find out more