By Poorna Nayak
All of us have been hearing a lot about the effects of the Covid-19 pandemic on the global economy. There are various reports suggesting doom and gloom stating that the current coronavirus crisis is worse than the 2008–09 financial crisis. At Enrich, we work with banks, wealth management firms, and insurance companies. We decided to ask these experts their opinion on how soon the global economy is going to recover.
The human cost of this pandemic has been immense and healthcare workers have been at the forefront of this crisis that has paralyzed nations. They have risked their lives, and they are not the only ones. Our essential workers also include the ones that are working hard to ensure that things are still functioning in this new normal. One of them is our finance industry professionals.
We are unable to meet them and thank them in person, but we felt that the next best thing would be a personalized video.
Along with the thank you message, we sought out to get answers to the next most pressing question on people's minds. What happens to the economy now? How hard has it been hit? How long will it take for the economy to recover? We asked this question at the end of the video.
Our customers were gracious enough to take part in our poll and here are the results. As of writing this article, we see that our Singapore customers are more optimistic with 40% of them saying that it's only a matter of 1 year for the recovery.
However, our Indian customers are being cautious. Most of them believe that it will take more than a year for an economic recovery post this pandemic.
You can also create your own personalized video to say "thank you" to your friends and relatives in the finance industry. Go ahead and share your gratitude with these people who are keeping our economy running even during these challenging times. And don't worry about the state of the economy, you can also get your expert friend's opinion at the end of the video!