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

Author

Listed:
  • Maqui, Eduardo
  • Morris, Richard

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.

Suggested Citation

  • Maqui, Eduardo & Morris, Richard, 2021. "The long-term effects of the pandemic: insights from a survey of leading companies," Economic Bulletin Boxes, European Central Bank, vol. 8.
    • Handle: RePEc:ecb:ecbbox:2021:0008:6
    Note: 2105744
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    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202008_06~bad87fcf9b.en.html
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    Cited by:

    1. Péter Benczúr & István Kónya, 2022. "Convergence to the Centre," Contributions to Economics, in: László Mátyás (ed.), Emerging European Economies after the Pandemic, chapter 0, pages 1-51, Springer.

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