Our dossier COVID-19: What impact on finance, the economy, people and the environment?
On top of a dramatic health crisis, the COVID-19 outbreak has led to an economic crisis, causing massive job losses, defaults on credits and bringing many companies to the edge of bankruptcy. But unlike in 2007/08, when financial markets themselves were the trigger, it is still uncertain how seriously the economic recession will affect finance: Was the immediate regulatory response good enough to avoid the worse? Can banks and markets overcome the crisis? And what can we do to avoid a wave of personal over-indebtedness?