Macroeconomic prospects in an unstable environment

The International Monetary Fund publishes a quarterly journal on finance, politics and economics. This issue explores these topics through the lens of COVID-19.

The work by Bain & Company stresses the ineffectiveness of the traditional approach to supply chain management in the current conditions. The experts describe new principles on which supply chains should now be based and suggest ways to improve the efficiency of existing supply chains amid the economic crisis triggered by the COVID-19 pandemic.

Tourism is one of the sectors most heavily affected by COVID-19. Experts believe that the industry will undergo significant restructuring, with travel abroad giving way to domestic tourism, and trips to places where people don’t gather in large numbers becoming more popular. According to Managing Director of the 21st Century Arctic International Union Valery Korovkin, current circumstances offer a chance to develop a new tourist destination. It is an area that has been discussed for a long time, but which little is currently being done to promote. Arctic tourism is a potentially highly profitable business from the perspective of federal and regional budgets, and has long been successfully exploited by other coastal nations.

EY experts presented a study that will help managers to better understand and track consumers behavior and attitudes in Russia and worldwide.