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After four months of economic shutdowns, re-openings and relapses around the world, the global economy unfortunately still appears many months away from a sustainable recovery.
Economic activity slowed more abruptly in the second quarter than was generally expected at the end of the first quarter. The global economy experienced a sudden stop as many countries adopted stringent lockdown measures to slow the spread of the coronavirus.
The COVID-19 lockdown left a trail of devastation across entire industries – but it has also forced many South African businesses to look for new approaches and markets, with a growing number looking to establish offshore operations to create a greater range of options and opportunities.
Global equities rallied close to 40% from March lows to post one of the strongest quarters in a decade. The rally was led by the United States (US), perversely the country with the most Coronavirus (COVID-19) cases globally, with healthcare and tech stocks up a combined 23%.
How is your business leveraging the efficiencies and scale offered by technology without diluting your human edge?