The long-term effects of the pandemic: insights from a survey of leading companies

Eduardo Maqui and Richard Morris

Economic Bulletin Boxes, 2021, vol. 8

Abstract: This box summarises the findings of an ad hoc ECB survey of leading euro area companies looking at the long-term effects of the coronavirus (COVID-19) pandemic on the economy. The responses indicate that companies see the pandemic having a long-term impact both on supply and demand. The pandemic has required firms to implement changes that they consider will make their business more efficient and resilient in the long term and help cope with changes in the structure of demand and consumer behaviour. Almost all the companies that responded said they have accelerated the adoption of digital technologies. They also expect that significantly increased use of the “home office” will continue, which they do not see as negatively impacting productivity. Most respondents expect productivity to increase as a long-term consequence of the pandemic JEL Classification: Click here to enter text.

Keywords: COVID-19 pandemic; economic activity; non-financial corporations (search for similar items in EconPapers)
Date: 2021-01
Note: 2105744
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2021:0008:6

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