The economic impact of the COVID-19 pandemic has been greatly felt across the world, but data points to a hopeful path. According to the latest Refinitiv Retail and Restaurant Earnings Index, the average industry income for retail and dining will remain negative for the rest of the year but will slowly bounce back in the first quarter of 2021. While consumption trends may have dampened, a common observation is stronger support towards local businesses.
This is just one of the reports that Refinitiv has released to better understand the state of industries amid the pandemic. The company shares its findings and more via its latest offering What Now?, a five-part documentary series on YouTube that looks at the building blocks of the global financial system as the world comes out of quarantine.
Refinitiv specializes in data, analytics, trading, and risk assessment tools. Its position on the pulse of the global financial market allows access to trends and information that could shape solutions to the economic crisis.
“At Refinitiv, we believe that data is just the beginning and can be utilized to help economies move forward. The data we gather can be used not only to make sense of the present, but also to help design our future. What Now? aims to guide leaders in making the right choices towards a more sustainable tomorrow,” says Refinitiv’s Manila Co-Site Lead and Director of Order Management Jeff Dawis.
What Now? takes a deep dive into the impact of COVID-19 on key economic foundations such as the household, corporations, and governments, and what the future looks like for these structures. The series also explores the chances of economic rebound and recovery, and identifies the changes that will last throughout and beyond the recovery period.
The documentaryis hosted by macro analyst Roger Hirst. In each episode, he is joined by experts in business and finance to share their prospects for a rapidly evolving world. Hirst is joined by legendary investor Jim Rogers; Danielle DiMartino, chief executive officer of Quill Intelligence; Martin Wolf, chief economist of the Financial Times; Hak Bin Chua,senior economist at Maybank;Mark Yusko, CEO of Morgan Creek;entrepreneur Luke Johnson; and many more.
“COVID-19 may have caught us off-guard but with the insights of global experts, comprehensive data, dedicated analysis, and determined leadership, we can take back control of our economic future,” shares Dawis.
Apart from What Now?, Refinitiv also utilized its expertise to help decision-makers and stakeholders manage the COVID-19 impact. The firm has published reports, conducted webinars, and hosted knowledge transfer initiatives among its analysts. Locally, Refinitiv Philippines holds regular virtual leadership and coaching webinars to equip managers with the needed skills to effectively lead their teams.
“Refinitiv recognizes that data is a powerful tool to unlock information that could potentially shape the future. We place greater importance on the people that analyze these data since it is the human element that adds nuance to our insights. Refinitiv continues to care for its employees by implementing a work from anywhere setup and supporting their employees’ pandemic-related advocacies. The financial provider also cares for the community it works in, thus giving them the analyses in What Now? to allow them to strategize and move forward,” ends Dawis.
Watch the complete episodes of What Now? on YouTube at youtube.com/playlist?list=PL2-78gs9nRfNfxIu5lWV3ySSqQS8ASZpH.