Impact on economies

Data graphics, insights from leaders, and stories that illustrate the impact of COVID-19 on economies.

Community and employment impact | Small-business impact | Macroeconomic impact

COMMUNITY AND EMPLOYMENT IMPACT

Article

Diverse employees are struggling the most during COVID-19—here’s how companies can respond

– New global research shows that despite companies’ recent efforts, diverse employees need more. Businesses should ask themselves new questions for a changed workplace.
Article

Building supportive ecosystems for Black-owned US businesses

– The right business ecosystems can mitigate or negate the effects of structural obstacles to business building for Black business owners—and add $290 billion in business equity.
Article

Problems amid progress: Improving lives and livelihoods for ethnic minorities in the United Kingdom

– Britain has made progress on advancing ethnic equality. But minorities are still disadvantaged in many ways, and some groups are particularly vulnerable to economic shocks.
Report - McKinsey Global Institute

India’s turning point: An economic agenda to spur growth and jobs

– A clarion call is sounding for India to put growth on a sustainably faster track and meet the aspirations of its growing workforce.
Article

Understanding how American workers progress to higher-wage jobs

Preliminary research findings identify the career pathways that allow workers to move from low-wage jobs to middle-wage or... higher-wage jobs.
Interactive

Tracking US unemployment through the COVID-19 crisis

See how unemployment data are changing across states, counties, and sectors.
Article

How COVID-19 has impacted Black-white financial inequality

– COVID-19 has disrupted everything from economic markets to personal finances, but not everyone feels its effects equally.
Webinar

Investing in Black lives and livelihoods: What stakeholders can do

– Black Americans face longstanding economic challenges. The COVID-19 crisis could make these challenges worse. McKinsey partner... Jason Wright discusses ways to support the health and wealth of Black businesses and households.
Interactive

Vulnerable US jobs by demographic group

Low-wage, minority, and younger workers are most likely to hold jobs at risk from COVID-19.
Webinar

Four priorities for supporting Black Americans during and after COVID-19

– COVID-19’s disproportionate impact on Black Americans has underscored persistent structural and systemic issues. Solutions... during the recovery should target four areas.
Interactive

Community movement during the pandemic

Shelter-in-place orders have a significant influence on where people spend their time.
Interactive

Employment impact of COVID-19 across industries and occupations

Up to 57 million jobs are vulnerable, but demand has increased for some job categories.

SMALL-BUSINESS IMPACT

Webinar

Protecting US small businesses from the impact of COVID-19

– Many small businesses have closed as a result of the COVID-19 crisis. In this McKinsey Live webinar, partner Deepa Mahajan discusses innovations and support mechanisms that could help keep more small companies in business.
Interactive

US small-business vulnerability during the COVID-19 crisis

The most vulnerable sectors include some 1.7 million small businesses.
Article

US small-business recovery after the COVID-19 crisis

– Improving operations and adapting business models can help small businesses in many industries recover. Finding the cash to do... so may be a stretch.
Article

COVID-19’s effect on minority-owned small businesses in the United States

– Already vulnerable, minority-owned small businesses brace for disproportionate impact. Here’s how to help.
Article

COVID-19’s effect on jobs at small businesses in the United States

– Thirty million small-business jobs are vulnerable—a higher share than at larger private-sector employers.

Macroeconomic impact

Article - McKinsey Global Institute

Rethinking the future of American capitalism

– American capitalism has evolved time and again, and we may be poised for another such shift. Will the future of capitalism involve... tweaks, reforms, or wholesale change?
Article

The case for stakeholder capitalism

– Consumers and society at large are expecting more from business. Embracing these responsibilities can help shareholders, too.
Interactive

Nine scenarios for the COVID-19 economy

– Learn more about potential economic outcomes of the COVID-19 crisis and how global executives rate the likelihood of each one.
Survey

The coronavirus effect on global economic sentiment

– Since September, executives have maintained more positive than negative outlooks for the world economy, national economies, and... their own companies.
Report - McKinsey Global Institute

India’s turning point: An economic agenda to spur growth and jobs

– A clarion call is sounding for India to put growth on a sustainably faster track and meet the aspirations of its growing workforce.
Article

COVID-19: Saving thousands of lives and trillions in livelihoods

– Ending lockdowns alone won’t restore confidence or growth. Only when the novel coronavirus is under control will economic... growth resume.
Interview

An interview with Austan Goolsbee

– “The countries that prioritized health not only had better health outcomes, they had better economic outcomes too.”
Interactive

Market valuation of sectors in 2020

Explore changes across global industries.

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