- ECONOMIC IMPACT -

Economists and institutions have cut their forecasts and experts are predicting the potential onset of recessionary environments.

Global companies are also concerned about the rising risk of Covid-19, with thousands of the world’s leading companies explicitly mentioning its impact on their business in their latest company filings.

-4.9%

The IMF predicts global growth will decline by 4.9% in 2020, down 1.9% from its April forecast.

$8.5tn

Global economic output will fall by $8.5tn over next two years, according to the United Nations World Economic Situation and Prospects.

Impact of Covid-19 on asset prices

- SECTOR IMPACT: MEDICAL -

As of 01 July 2020

In Vitro Diagnostic Devices

In the US, routine testing, which includes testing for cholesterol, glucose levels, complete blood count, and hemoglobin, was reported to be down between 40% - 55% by leading commercial diagnostic labs Quest Diagnostics and LabCorp during the first quarter of 2020.

15%

GlobalData estimates that 2020 hip reconstruction revenue in the 5EU will decline by over 15%, to around $1bn, and by 12% in the US. 

General Surgery Devices

29

In the US, 29 states have allowed the resumption of general surgeries but under strict guidelines to prevent further Covid-19 infection. 

Key mediCal market developments

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