Coronavirus: many bosses europeans are banking on a slow recovery

many Of the big bosses in europe are expecting to slow the global economy after the crisis of the sars coronavirus, according to a study published Monday evening by the european round table of industrialists (ERT).

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in The course of this study, conducted between 9 and 28 April with 56 members of the ERT (only 49 have, however, responded), 53% of bosses surveyed say that they believe that the global economy would be between one and two years to overcome the crisis, and 39% of them expected even between two and three years. According to its website, ERT members include very big names of the employers in Europe, such as the boss of the German chemist BASF, Martin Brudermüller, the CEO of the French L'oreal, Jean-Paul Agon, the president of the swiss Nestlé, Paul Bulcke, and the director general of the british Vodafone, Nick Read.

4% banking on a recovery not before four years

Only 2% of the bosses surveyed expected less than a year for an economic recovery. Among the most pessimistic: 2% expected a return to normal not before three and four years and 4% not until more than four years. "This new decade started with a shock without precedent for the global economy," said Dr. Brudermüller, who is quoted in the press release of ERT.

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