Covid-19 briefing

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- ECONOMIC IMPACT -

Latest update: 14 April

The global economy is forecasted to return to pre-crisis levels by the end of 2021 or early 2022.

India is projected 12.5% growth in 2021, ahead of China's forecasted 8.6%, according to the IMF.

6%

Positive GDP growth is forecast in all countries; the 2021 consensus forecast for GDP growth is currently 6.0%.

6.7%

The unemployment rate in OECD nations stood at 6.7% in Feb 2021, marginally down from 6.8% in Jan 2021.

Impact of Covid-19 on eMPLOYMENT

- SECTOR IMPACT: PACKAGING -

Latest update: 8 April

The rise of the ecommerce channel is significantly impacting the packaging industry, and suppliers are optimising packaging to be more robust in order to meet manufacturer requirements.

Digital tools continue to be used to achieve safety and efficiency. Packaging companies also recognise the continued importance of investing in sustainable supply chain operations.

Packaging sub-sector impact