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- ECONOMIC IMPACT -

Latest update: 16 June 

Many economists have cut their GDP forecasts. The 2020 consensus forecast for GDP growth is currently negative and many predict a recession.

Global foreign direct investment flows are forecast to fall by up to 40% in 2020, from a value of $1.54tn in 2019, according to UNCTAD. 

-4.8%

HSBC revised its global economic growth forecast for 2020 to -4.8% in May from -3.3% in April.

$8.5tn

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

Impact of Covid-19 on asset prices

- SECTOR IMPACT: PHARMA -

Latest update: 16 June 

Clinical trial market impact

583

The number of pharma/biotech companies and CROs associated with disrupted clinical trials.

12-18

Vaccine candidates using classic technology will likely take at least 12-18 months to develop but DNA or mRNA vaccines could be shorter.

Patient Access to Services

Telemedicine is becoming a critical tool for patient management as patient office visits decline. Hospitals are also seeing a significant drop in visits for illnesses such as heart attacks, severe abdominal pain and strokes, likely due to patient fears of contracting Covid-19.

Key pharma market developments

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