FRG Releases Pandemic Economic Scenario in Response to COVID-19
Note: The global economy is changing rapidly as a result of the Coronavirus Pandemic. As new data has become available, FRG is releasing an Updated Pandemic Economic Scenario to help businesses assess and respond to the impact of COVID-19 on their operations. We have made free for download two scenarios – a pandemic shock scenario based on control of the virus by the end of Q2 2020, and a pandemic recession scenario based on control of the virus not happening until the end of Q3 2020.
In response to the overwhelming interest by our clients to interpret the impact COVID-19 may continue to have on their business, today FRG is releasing for complimentary public use the details of our Pandemic Economic Scenario.
We understand many organizations have not planned for this scenario and currently do not have the time nor information required to adequately build a representative scenario in a practical timeframe. We hope that releasing our Scenario free of charge gives organizations a jump when time is a scarce resource.
“As community members and subject matter experts in financial risk we believe sharing this data is a small part of helping the communities we serve around the globe,” said John Bell, FRG’s CEO and Managing Partner. “We will continue to share new and relevant updates regarding this Scenario when it becomes available.”