Business & Economics

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. McKinsey & Company prepared an article intended to provide business leaders with a perspective on the evolving situation and implications for their companies.

 The end of the month has never been so uncertain for many employees as it is now. Schools, colleges, kindergartens and crèches, most retailers and restaurants and even borders with other countries remain closed due to the epidemic. There is great uncertainty among the workers. This applies to all industries, both in the private and public sector, regardless of size – branches of the largest …