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BTJ 5/20 - Economy: New tension to global socio-economic structures. WBCSD finds the coronavirus pandemic disrupting the present - but inspiring the future

by Ewa Kochańska

In May 2020, the World Business Council for Sustainable Development (WBCSD) released an update to its Vision 2050 report, titled The consequences of COVID-19 for the decade ahead.

The coronavirus pandemic caused a major disruption in global markets, economies, and human life, significantly changing WBCSD's outlook.

The brief summarises what vulnerabilities have been exposed by the pathogen, and how it might shape the economic, political, and cultural future.

Further, the authors suggest the crisis can be leveraged for the benefit of communities which have an opportunity to become more resilient and ecologically sustainable as a result of a thoughtful and responsible recovery.

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